The dollar was stronger against a basket of currencies yesterday due to optimism surrounding the coronavirus pandemic and positive employment data at the end of last week.
There were also expectations that the US may react to China’s recent treatment of Hong Kong, threatening the phase one trade deal and pushing the dollar lower. However, this has not come to fruition.
All focus turns towards the Federal Reserve’s interest rate decision tomorrow. Although it could be a non-event, many are hoping for some positive rhetoric from officials.
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