The dollar rose slightly yesterday but still remains under pressure as the global outlook continues to improve.
The FDA (The Food and Drug Administration) will make a formal decision tomorrow on whether the Pfizer/BioNTech will be rolled out in the US. It published a document yesterday stating that no safety concerns have been found.
It’s thought that vaccine progress has already been priced into the markets, but the dollar could weaken further if the vaccine is approved as expected. The US’ chief medical officer, Dr Antony Fauci, said that the US could be just “days away” from rolling out the vaccine.
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