Safe-haven demand has increased slightly for the dollar recently, due to stimulus talks coming to a hurdle after both Democrats and Republicans opposed the proposal from the Trump administration.

News that pharma company Johnson and Johnson have paused their vaccine trials due to unexplained illness has also prompted investors to opt for safe-haven currencies, such as the dollar.

Later today, inflation rate data will be released for the US.

For more on currencies and currency risk management strategies, please get in touch with your Smart Currency Business trader on 020 7898 0500 or your Private Client trader on 020 7898 0541.

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