After a brief rebound after a poor July, the dollar is still in a weak position and it could be said that the outlook remains bleak.
A stimulus package to help the US economy with the effects of coronavirus is still being debated in Congress by Republicans and Democrats. Whilst there has been reports of some progress, the two sides still remain far apart on some issues.
In some positive news for the US, new orders for US manufactured goods rose by 6.2% from a month earlier in June 2020, beating expectations of a 5% rise.
We’ll see a series of data releases today, including Balance of Trade and PMI figures.
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