The dollar is still strong against the euro and the pound this morning, as it continues to benefit from its safe-haven status. This has come about due to rising coronavirus infection rates and calls from the Federal Reserve for further government aid to boost the US economy.
After months of discussions, Congress has, so far, failed to agree on a stimulus bill for the US economy. Democrats and Republicans generally have different views on how much spending should be offered and where the money should be spent.
Jobless claims data for the US is due today. As well as this, Jerome Powell and other Fed officials will be speaking this afternoon.
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