The dollar is gathering some strength this morning as investors opt for safe-haven currencies. This has come about due to fears of a second COVID-19 wave, which have been fuelled by the US reporting more than 2 million coronavirus cases as of June the 12th. A number of the more populous states have also reported increased numbers of infections.
Initial jobless claims data was released yesterday, showing that the number of Americans applying for unemployment benefits eased to 1.542 million in the week ending June the 6th, the lowest level since the coronavirus crisis began three months ago and below market expectations.
Michigan consumer sentiment preliminary figures are due to be released this afternoon, as well as import and export prices.
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