The dollar was weaker yesterday as the global markets rallied due to optimism surrounding coronavirus infection rates. Italy reported its lowest death toll for more than two weeks, whilst France also has a slowing death toll and Germany reported a drop in new cases.
The US state of New York, which was the worst hit, has reported a drop in the number of new infections and deaths, and President Trump has expressed hopes that cases are “levelling off” in US hotspots. However, he has also warned that the US is yet to hit its ‘peak’.
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