After its worst week against the pound since 2009, the dollar is stronger this morning after a weekend of worrying coronavirus news. President Trump, who had initially talked of easing social restrictions, has now extended the period until the 30th of April.
The dollar maintained a weaker position at the end of last week, as central banks pulled together to try to mitigate the impact of coronavirus.
Stocks fell across the board on Friday; however, the dollar was little changed due to a raft of new stimulus measures from several central banks.
This week, there will be a raft of data for the US, which will begin to illustrate the effect that coronavirus is having on the economy. Perhaps the most significant release will be Non-Farm Payrolls, which are due on Friday.
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