The dollar is strong this morning as global COVID-19 cases have passed 13 million mark, jumping by 1 million over the past 5 days. As infections rise in the US, many businesses are re-closing to try to curb the spread.
The greenback is also stronger following a dispute between the US and China over the South China Sea. Investors are also anticipating economic data releases due later this week and questioning if results will be as strong as hoped for.
Today we can inflation rate figures for June, followed by industrial production on Wednesday and retail sales on Thursday.
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