The dollar remained weaker against the euro and the pound yesterday. The markets have stabilised slightly, partly due to a new stimulus package from the Federal Reserve.
Federal Reserve Chairman, Jerome Powell, said the central bank will not run out of ammunition. Initial jobless claims data released yesterday showed the largest rise to record high levels. The figure came in at 3.283 million, almost five times the previous historic highs.
Today, personal income figures for February will be released, which are expected to show a decrease month-on-month.
The US now has more coronavirus cases than either China or Italy. The total number of cases in the US has reached 82,404, according to data compiled by John Hopkins University.
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