The dollar was mixed yesterday, retaining its strength against the euro but dropping slightly against the pound. Factory orders came in better than expected at 1.8% for December, a boost from the previous reading of -0.7%.

The coronavirus outbreak continues to broadly strengthen the dollar, as investors turn to safe haven assets.

Today a series of data will be released for the US including Balance of Trade, Exports, Imports and a series of PMI figures. This will all provide an insight into the state of the US economy ahead of the release of Non-Farm Payrolls, which are due to be released on Friday.

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