The dollar has strengthened against a basket of currencies this morning, benefitting from its status as a safe haven currency. Investors are concerned that high interest rates and poor economic data could mean that a global recession is approaching.
A series of data releases are expected for the US this week, including durable goods orders later today, personal spending figures on Thursday and PMI data on Friday. Manufacturing PMI is expected to show a slight fall in June but will stay in expansion territory.
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