The dollar is weaker this morning as positive vaccine news, particularly the recent preliminary success for the Moderna vaccine, is providing hope. However, this is contrasted with rising cases in the US and worries about the Presidential handover.
President elect, Joe Biden, said yesterday that “more people will die” if Donald Trump continues to stay in the White House. He still has not officially conceded nearly two weeks after the outcome of the election was decided.
Despite this, Trump acknowledged via Twitter two days ago that Biden won. All of the lawsuits filed by Trump have, so far, been unsuccessful.
US retail sales and manufacturing production figures will be released later today.
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.
