Forex Today: British pound melts, dollar rally continues – by eren_fxstreet Currencies Majors Commodities Macroeconomics
, hawkish Fed commentary and rising US Treasury bond yields play a role in the dollar's impressive performance. The IFO sentiment survey from Germany will be featured in the European economic docket ahead of the Chicago Fed National Activity Index and Dallas Fed Manufacturing Business Index data from the US. president Christine Lagarde and several FOMC policymakers will also be delivering speeches on Monday.
Ahead of the weekend, US PMI figures revealed that the service sector's business activity recovered nicely in early September. Moreover, the Composite PMI rose sharply to 49.3 from 44.6 in July and theIn an interview with CBS on Sunday, Atlanta Fed President Raphael Bostic reiterated that inflation is too high and that they need to do all they can to bring it down. Bostic will be speaking again on Monday.
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