The dollar continues to benefit from its ‘safe-haven’ status, due to worries about rising infection rates in some US states, however, it has slightly weaker this morning. Infection rates have cast doubts over whether the US economy can achieve the ‘V-shaped’ recovery that many are hoping for.
Cases rose across the United States by at least 39,818 on Thursday, the largest one-day increase of the pandemic, with Texas becoming the new hotspot.
Several US data releases are scheduled for this week, including Non-Farm Payrolls on Friday. The US economy added a record number of jobs in May, so it will be interesting to see if June’s figure is as significant.
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