The dollar is stronger against a basket of currencies this morning ahead of the release of meeting minutes from the FOMC.
The meeting minutes, which are due to be released later this evening, will provide some clarity on the Federal Reserve’s approach to interest rates. They are expected to support recent hawkish comments from officials that a 50-basis point hike should take place soon.
Figures for durable goods orders will also be released later, indicating how the US manufacturing industry performed in April.
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