The dollar went from strength to strength yesterday, rising against major currencies. Coronavirus worries have sustained its safe-haven appeal and a strong US economy has also helped the greenback.
The US economy is thought to be more resilient than other countries in the face of any global slowdown that could come as a result of the coronavirus. In their FOMC meeting minutes released yesterday, the Federal Reserve were cautiously optimistic about the economic outlook for the US.
We’ll see a series of important data releases for the US today, including PMI figures. They’re expected to show a slight drop for February.
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