The dollar was in a strong position at the end of last week, despite non-farm payrolls coming in much worse than expected at -701,000 for March, halting a decade of jobs growth in the US.
It could be said that the figure next month will be even worth, as it will take into account the full effect of lockdown and social distancing measures.
A series of economic data, including inflation rate, are expected for the US this week, as well as FOMC meeting minutes on Wednesday. However, it’s likely that the dollar will continue to be driven by its appeal as a safe haven currency.
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