After a strong performance throughout most of the week, the dollar was weaker on Friday as the markets stabilised and the Federal Reserve released measures to ease global currency strains. However, it has made some gains again this morning.
The Federal Reserve made another intervention to support the US economy, expanding support to municipal bond markets, which are key for the funding of local city authorities.
However, US lawmakers failed to pass a stimulus package to fight the coronavirus yesterday, as Republicans and Democrats disagreed over the details.
This week, there will be a series of PMI data released for the US and GDP data on Thursday.
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