USD: Dollar on back foot as Delta rises

The dollar had a bad day, falling against all major currencies and most of the smaller ones too.

The Delta variant is continuing to weight heavily on the dollar, with new cases rising to 80,000 per day again.

Yesterday’s manufacturing PMI data was mixed: better than expected on 63.4 with Markit but below expectations at 59.5 with ISM. Tomorrow will be the turn of services PMI.

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