The dollar is still weak against a basket of currencies this morning due to falling treasury yields, which are hovering near five-week lows. This has come about due to the Federal Reserve’s stance that a spike in inflation was temporary and monetary support must continue until there is evidence of a more “complete” recovery.
PMI data will also be released for the US this week, predicted to show that the manufacturing and services sectors have grown slightly in April.
50% of all adults in the US are now vaccinated at least partially, with 80% of senior citizens having received their first dose.
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