The dollar has lost some of its strength this morning as the euro shows a slight recovery.
The US economy grew by 4.3% year-on-year in the final quarter of 2020 – a bigger increase than markets had anticipated. However, looking at 2020 as a whole, the economy shrank to levels not seen since 1946.
US jobless claims fell to their lowest numbers since the start of the pandemic, pointing towards economic recovery.
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