The dollar was strong yesterday as optimism surrounding the coronavirus crisis faded somewhat. News that the virus may be reaching its ‘peak’ increased investor concerns.
The FOMC released their meeting minutes from March yesterday, which reflected officials concerns for the US economy. Policymakers see an extremely large degree of uncertainty regarding how long and severe a decline in economic activity will be.
We’ll see several data releases today for the US, including continuing jobless claims, which are expected to show a significant rise.
In political news, Bernie Sanders has suspended his presidential campaign, meaning that the Democratic nomination will be filled by former Vice-President Joe Biden.
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