The dollar was mixed yesterday, showing strength against the euro and weakness against the pound. Inflation rate for the US rose to 2.3% year-on-year from the previous 2.1%. A series of data releases are due to be released today also, including mortgage rate figures.
The US and China will sign phase one of their trade deal today, which may improve market sentiment. The deal is due to be formalised at a White House ceremony later today. Whilst this is a positive step forward, it’s thought that there is still work to do to improve relations between the two countries.
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