The U.S. dollar was seen strengthening on the back of investor optimism that the tax benefits could help boost the economy. The U.S. dollar index rose to a one-month high ahead of the payrolls report that is due to be released later today.
Economists polled expect to see the U.S. unemployment rate staying steady at 4.1% while wage growth is expected to accelerate. The payrolls report comes ahead of next week’s Fed meeting where interest rates are widely expected to be hiked.
In the UK, the British pound continued to trade volatile on the Brexit related news. Manufacturing production and construction output data is expected to be released today. Forecasts put the manufacturing production to rise just 0.1% on the month while, construction output is expected to rise 0.2%.
