The dollar weakened this morning due to hopes of a recovery from the COVID-19 pandemic. The US Food and Drug Administration recommended approval of the Pfizer Covid-19 vaccine for emergency use yesterday, meaning that the vaccine can start to be rolled out across the US.
Initial jobless claims were released yesterday, pushing to their highest level since September. This comes as the virus continues to spread across the US, with daily records for infections and deaths being recorded.
Consumer sentiment figures for December will be released later today.
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