The dollar has been strong so far this week, benefitting from a rise in US treasury yields. It is slightly weaker this morning, but still strong against the euro and the pound as the US vaccine effort and fiscal stimulus keep it buoyant.
President Biden is due to make a speech today outlining a plan to overhaul infrastructure and manufacturing, which will be the first of two economic recovery proposals. The second will involve huge investments in healthcare and childcare.
Employment and home sales figures will be released for the US later today.
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