020 7898 0500The dollar reached a two-month high against the Japanese yen yesterday and appeared to be showing some signs of recovery.
Friday’s employment figures have supported the dollar and reinforced what the markets are starting to price in now, namely another interest rate hike this year.
In the US we’re also looking to a quiet day ahead. The focus will shift towards retail sales for the month of June now, due out later this week. The Michigan measure of consumer sentiment is expected to stay strong for the start of quarter three, and CPI inflation is expected to fall below 2% for the month of June.
