The US dollar weakened against all major currencies yesterday, but not significantly and remains a little stronger on the week against all but the commodity-backed currencies such as CAD and AUD.
Against the Japanese yen the dollar came close to a three-year high, due to high oil prices raising concerns about inflation, and hence the chance of interest rates rising.
More will no doubt be heard on that with two Federal Reserve interest-rate setters Clarida and Bostic who are talking this afternoon, ahead of Wednesday’s all-important inflation data.
Also today, following the very poor non-farm payrolls data on Friday, today we’ll hear about job openings in August. Last month’s – July – was a record high with nearly 11 million jobs on offer, compared to a forecast of 10 million.
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