The dollar weakened slightly against EUR yesterday, continuing a roughly 1% fall across the week but a choppy performance across the month.
Dollar weakness is the overall theme, but it remains 2-3% stronger against sterling over the month, just about the only currency it is performing better against.
As we get closer to a vaccine, Europe fights off a second covid wave and the economies recover, so the dollar’s safe haven status continues to lessen in relevance.
It’s a busy week for the USD with a Federal Reserve interest rate decision tomorrow – no change from 0.25% is expected – around which we have industrial data today, retail sales tomorrow and housing and jobless claims on Thursday.
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