It was another quiet day for the US dollar in terms of economic data releases yesterday, with the US currency’s movement being dictated by sterling weakness seen during the day.
Today sees some data from the US, in terms of crude oil inventories, as well as import prices. With the latter, we expect to see contraction for the first time in six months as it becomes even cheaper to import into the US. Any surprises, however, could affect the US dollar significantly.
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