The dollar is strengthening against the pound and euro on a positive economic outlook, which is unusual as the greenback usually weakens in times of market optimism.
The progress of coronavirus vaccinations, President Joe Biden’s steps to pass more fiscal stimulus, and improving economic data has helped the dollar. Later today, jobless claims figures and factory orders will be released for the US.
Non-farm payrolls will be released tomorrow, which will be a significant indicator of how the US economy performed in January.
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