020 7898 0500Trump made headlines yet again last Friday, by calling for Russia to be readmitted to the G7. His comments mark a significant break from members of his own administration, as well as Washington’s main European allies. As ever, quite what Trump hopes to achieve with his comments is currently unknown. The man revels in upsetting apple carts and there could be more to come over the course of the G7 meeting.
Today is relatively quiet for US economic data, but tomorrow we’ll see the inflation rate for May. It is expected to have climbed from 2.5% in April to 2.7%. If so, we could see some dollar strengthening, as it strengthens the case for increasing interest rates. Speaking of which, the main highlight for this week is the Fed’s decision on Wednesday. If everything falls into place, this could be a strong week for the dollar.
