The dollar has continued to weaken as there is increasing optimism for a US stimulus package in the near future. The proposal for a $908 billion Covid-19 aid package is gaining traction in Congress, with senior Democrat officials backing it.
The US has reached the highest number of daily deaths, infections and hospitalisations since the beginning of the pandemic. However, this has not helped the dollar’s safe-haven appeal.
Today, Non-Farm Payrolls will be released. This is an employment report released monthly and can affect the US dollar, the bond market and the stock market. It’s predicted that the US economy will have added 469,000 jobs in November, a drop from the previous month.
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