The dollar is edging higher this morning but is still relatively weak due to a recent decline in treasury yields.
Speaking yesterday, Federal Reserve Chair Jerome Powell reiterated the Fed’s cautious stance towards monetary policy and noted that the economy was improving, but still at a stage where a rushed reopening could result in an increasing number of COVID-19 cases.
A series of data will be released for the US this week, including industrial production and retail sales on Thursday, as well as the Fed’s Beige Book on Wednesday, which is a qualitative review of economic conditions.
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