Dollar tumbles to two-month low; pound hits 15-month high after wage growth data
July 11, 2023
"The broad takeaway from yesterday's slate of speakers is that the Fed is essentially on auto-pilot ahead of its July meeting - and with a string of other releases set to drop between now and Jackson Hole, this has meant that the relative importance of tomorrow's consumer price report is being downplayed on currency markets," said Karl Schamotta, chief market strategist, at Corpay in Toronto.