The dollar is up against the pound this morning, following figures showing that continuing joblessness claims in the US, while hitting an all-time high, are not at levels that the market had forecast, raising hopes that the increase is slowing.
Donald Trump also gave hints of a change in his views yesterday. Having long been against its appreciation, he told Fox Business News yesterday that ‘it’s a great time to have a strong dollar…Everyone wants to be in the dollar’, claiming ‘I kept it strong’.
He also stoked further tensions with China, suggesting the US could ‘cut off the whole relationship’, saying it would ‘save $500 billion’.
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