The dollar is struggling against a resurgent euro this morning – at its lowest level for three months – while maintaining stability against GBP.
The US is continuing to battle Covid, with Florida alone seeing 12,000 new cases in one day last week and intensive care beds at “127% capacity” in Miami.
A double-dip recession now appears more likely.
It’s a relatively quiet week for data, but with home sales data for June on Wednesday, the usual weekly jobless claims data on Thursday and Markit PMI for July on Friday.
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