Rational Thinking - Dollar strengthens as Fed dove says 50 basis point cut “overdone”

Last week:
USD

  • Dollar strengthens as Fed dove says 50 basis point cut “overdone”
  • US Consumer confidence hits 21 month low in June
  • Trade talks at G20 between China and US appear to be positive

GBP

  • Boris Johnson reaffirms stance to take UK out of EU by October 31

This week:
Key announcments

  • US ISM Non Manufacturing expected to fall on Wednesday
  • ECB Vice President speaks on Thursday
  • Non Farm Payroll expected to show some improvement
  • US Unemployment expected to be unchanged at 3.6%