The dollar is weak against the pound and the euro this morning. This prolonged weakness is down to a number of factors, including the stimulus relief bill which still hasn’t been reached, the coronavirus situation in the US, US-China tensions and the upcoming risk of the US Presidential election.
The US and China were due to review their ‘phase one’ trade deal last weekend, however, this was delayed. It was postponed to give China more time to fulfil their commitment to buy a certain amount of US goods, in line with the trade agreement.
Despite these factors, it’s thought that the overall market sentiment is fairly positive, with US stocks rising to an all time high yesterday.
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