The dollar is weaker this morning after a series of positive data releases. The Bank of England’s monetary policy decision also weighed on the greenback.
The American labour market continues to recover as initial jobless claim figures were the lowest since March 2020, at 498,000.
Non-farm labour productivity increased in Q1, exceeding market expectations. The Non-Farm Payrolls Report will be released later today and is expected to show that around one million jobs were added to the US economy in April.
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