The dollar ended last week in a strong position and is still up against the pound and euro this morning, as investors turned to safe-haven currencies. This was due to reports that the COVID-19 infection rate is rising in some US states, prompting fears of a ‘second wave’.
The greenback showed little reaction to data released on Friday, including consumer sentiment figures. This week is light on data for the US, but retail sales and jobless claims data will be released.
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