The dollar is weak against a range of currencies this morning as vaccine rollouts and hopes of an improving economic outlook have caused traders to turn to riskier currencies.
The Georgia Senate runoff elections will take place this week. If the Democratic Party win both seats, they will receive a majority in the Senate. If the Republicans win just one, they will keep their majority. This outcome could impact policies such as stimulus aid for the US economy.
PMI data will also be released for the US this week, as well as Non-Farm Payrolls on Friday. The US economy is expected to have added 100,000 jobs in December.
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