The dollar is weak this morning against both the pound and the euro, falling to a three-month low against the single currency. The prospect of monetary easing by the Federal Reserve still continues to weigh on the greenback. Scheduled speeches from influential FOMC members today could have further influence on the dollar.
The dollar continued its poor run against the euro yesterday afternoon, only benefitting against the pound due to sterling’s weakness.
The markets look towards President Trump’s meeting with President Xi Jinping later this week. It’s likely that they will talk on the second day of the G20 summit. A talk between Chinese Vice Premier Liu He, US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin was held over the phone yesterday, ahead of the G20 meeting.
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