The dollar maintained its strong position yesterday, as investors continued to opt for safe-haven assets. However, it’s rally has eased this morning on news of a successful drug trial for a coronavirus treatment and also on hopes that several US states will ease their lockdown restrictions soon.
President Trump announced that the US has “passed the peak” of new coronavirus cases and some states will lift their lockdown measures this month.
Despite this, there was some bleak economic data releases yesterday. Initial Jobless Claims data revealed that 22 million Americans have become unemployed in the last 4 weeks.
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