The dollar is still strong this morning, still benefitting from virus fears and stimulus woes. A spike in COVID-19 infection rates on both sides of the Atlantic has prompted investors to opt for safe-haven currencies, such as the dollar.

Adding to this strength was US jobless claims data, which came in yesterday. The 4-week moving average of US initial jobless claims rose to 866,0000 in the week ending October 10th, the first increase in almost three months.

There are more data releases today, including retail sales and industrial production figures.

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.

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