The dollar has edged higher against a basket of currencies this morning ahead of the release of US inflation data.
Core inflation rate is expected to rise by 0.4% in May. It’s hoped that these figures could reveal more about the Federal Reserve’s timeline for tapering monetary policy.
President Biden has made his first overseas visit, arriving in Cornwall yesterday for the G7 summit. So far, he has warned Russia against “harmful activities”, saying these will be met with “robust and meaningful” consequences.
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