Hopes of progress being made against the coronavirus weighed on the dollar yesterday. The global financial markets started to stabilise again, meaning that the greenback weakened against the euro and dollar. However, the dollar is stronger again this morning as attention once more turns to global economic worries.
Yesterday, China recorded no new deaths for the first time, which is another piece of significant news that will have pushed the dollar lower
FOMC meeting minutes will be released this evening. If these minutes reflect the same urgency and concern as they did back in March, we could see demand for the dollar grow.
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