The dollar remained weak yesterday after ISM manufacturing numbers came in short of expectations, indicating contraction for the third consecutive month.
Earlier in the day, the dollar started the week lower after US-China trade tensions escalated once again.
*Daily move - against G10 rates at 7:00 am, 03.06.25
** Indicative rates - interbank rates at 7:00 am, 03.06.25
Today's spotlight is on EU inflation, with predictions indicating a continued decline in prices from April to May, strengthening the argument for additional European Central Bank (ECB) rate cuts this year. The bank is expected to cut rates by 0.25% this Thursday, with another cut projected by year's end.
From the US, we have the JOLTS report expected to show a decline in job openings numbers.
Read more about the ECB's interest rate decisions here - When is the next ECB interest rate decision?
Our team of currency experts are here to help you get more from your money when making international payments. We will work with you to understand your payment needs and offer specialised guidance on the best options available to you. Over the last 19 years we’ve helped over a million customers and last year alone processed over £12bn. We’re tried and trusted, and we’re ready to help you.
Have a great day.
