The dollar remained strong yesterday and is still strong this morning, due to worries about a second coronavirus wave and US-EU trade tensions. The governors of New York, New Jersey and Connecticut ordered visitors from eight other U.S. states to be quarantined for two weeks on arrival, due to the rising number of coronavirus cases.
Final GDP figures for the first quarter of this year were released, showing that the US economy shrank by 5% year-on-year in the first quarter of 2020, in line with the previous estimate and ending the longest period of expansion in the country’s history.
Today, there will be a series of figures released for the US, including Personal Income and Personal Spending figures for May.
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