The dollar is still weak, weighed down by vaccine optimism and stimulus hopes as investors opt for riskier currencies.
Jobs data released yesterday showed a rise in unemployment, with jobless claims rising to 748, 500 in the week ending November 21st. Data also showed that orders for US manufactured durable goods increased 1.3% month-on-month in October, easing from a 2.1% rise in September and above market expectations of 0.9%.
The Federal Reserve released the minutes from their latest monetary policy meeting yesterday. Officials said that the economy needs more time to heal from the COVID-19 pandemic, which is still setting the agenda. They also hinted at changes to their bond buying programme.
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