The dollar strengthened yesterday and is still strong this morning, benefitting from its status as a ‘safe-haven’ currency.
This comes after Federal Reserve officials confirmed yesterday that the Bank will reduce asset purchases even as economic recovery slows due to rising Covid cases.
Jobless claims figures will be released later today, and analysts expect that the report will show that 335,000 Americans filed for unemployment benefits in a week. Continuing Jobless Claims are projected to decline from 2.75 million to 2.74 million.
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