The dollar weakened yesterday as expectations of an interest rate cut from the Federal Reserve increased, due to the fact that the number of coronavirus cases are growing faster outside of China than inside. The US had its first unexplained case of coronavirus this week, raising concerns.
Today we’ll see a series of figures for the US, including Personal Spending and Income figures. Both are expected to come in at 0.3% month-on-month, which would be a slight increase for income.
They’ll also be a series of speeches from Federal Reserve officials, which may shed some more light on the Fed’s position towards the coronavirus and monetary policy.
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