The dollar is strong against a basket of currencies this morning due to the stabilization of US Treasury yields. This came after yields dropped over three-days from previous one-year highs.
The markets will be looking to inflation rate data, which is due to be released later today. Core inflation rate is expected to rise by 0.4% month-on-month and by 1.7% year-on-year.
Joe Biden’s $1.9tn coronavirus relief package is expected to be voted for in the US House of Representatives today, after it was revised and approved by the Senate last week. Biden is set to make a speech tomorrow after it passes through the House.
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