Dollar movements since Joe Biden claimed the presidential election have been relatively modest compared to the 5% drop following Trump’s surprise win four years ago, and that continues despite the positive vaccine news.
There was no movement yesterday against the euro, but a small drop against the pound, continuing a drift that has taken it to a two-month low and among its lowest rates for nearly two and a half years.
Today is a public holiday in the US for Veterans’ Day. Thursday sees inflation data (expected at 0.2% month on month) and consumer price index (ex food and energy) which is expected to rise to 1.8%, plus the usual weekly employment data.
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