The dollar was slightly stronger yesterday, benefitting from its safe-haven status as jobless claims figures showed an unexpectedly large rise in the week ending November 14. The number rose to 742,000 compared to 711,00 in the previous week and well above market expectations of 707,000.
There are growing concerns about President elect Joe Biden’s transition into the White House. President Trump still hasn’t conceded defeat and requested a recount of votes in Wisconsin a few days ago. The weeks leading up to Inauguration Day are critical for Biden to coordinate his COVID-19 vaccination plan and access vital intelligence briefings.
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