The dollar was strong against a basket of currencies yesterday. This is partly due to the Federal Reserve’s ‘hawkish’ shift earlier this month and also due to the Delta variant of the virus, which is becoming more prevalent globally. Investors have therefore turned towards the dollar due to its ‘safe-haven’ status.
The dollar was also boosted by positive consumer confidence data, which was the highest in June since before the pandemic began.
Today, employment and mortgage data will be released for the US.
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