US Dollar Strengthens Ahead of Key US Data; Euro and Pound Struggle
The U.S. dollar remains strong as investors gear up for upcoming ISM and JOLTS data releases. Both GBP/USD and EUR/USD face downward pressure due to disappointing PMI results from the UK and Europe. As traders shift their focus to the Federal Reserve’s upcoming statements, the dollar is positioned for potential gains against its major counterparts. With the Fed’s commentary looming, fluctuations in these currencies can be expected based on the anticipated economic indicators.