The dollar is looking strong against the pound and weaker against the euro this morning, ahead of further speeches from key figures in the Federal Reserve. Chairman Jerome Powell speaks tomorrow, and the markets will be looking for any further comments on the interest rate decision at the end of the month.
Following price data last week which showed that US consumers are starting to pay for US-China trade war tariffs, Chinese GDP came in on the low side. This is also a sign that ongoing tensions are taking their toll, however, neither side seems to be particular proactive in trying to reach a deal.
In Presidential campaign news, the latest polls show that Trump is trailing Joe Biden, Bernie Sanders and Elizabeth Warren, with Biden holding the greatest lead. Despite this, much could change between now and Election Day in 2020.
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