The dollar will continue to be influenced by the rise and fall in pandemic numbers coming from US states. The US dollar has a complicated relationship with troubles on its own doorstep, gaining from being a safe haven even as investors take fright at the damage being done to the US economy. For now the fear factor is winning, and the dollar is being supported.
This afternoon it’s the USA’s turn for PMI data, with Markit manufacturing PMI forecast at 47.8 (a rise from 39.8 last month).
Tomorrow we have the US house price index, with a small rise of 0.1% expected month-on-month.
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