Euro trading softer
The euro gave up some ground to the dollar yesterday, falling very close to the $1.17 level – down from over $1.19 last week – before inching higher (it is trading at circa $1.1750 this morning)
Sterling came under further pressure against the euro for a time yesterday. It weakened to almost 91p at one stage before recovering some ground though it is still trading at its lowest level since late 2016
US equity markets fell after US President, Donald Trump, promised ‘fire, fury and power’ against North Korea, finishing lower on the day overall.
Data published yesterday provided further evidence of the strength of the US labour market. The number of job openings rose to a record high in July, while the number of small businesses planning to hire is running at its highest level since 2006
Its is quiet on the data front again today with unit labour costs in the US the only release of note