The dollar strengthened yesterday due to its safe haven appeal, after the ECB expressed worries about the rising euro.
Some data from the US was released yesterday, however it did little to impact the greenback. Initial claims for state unemployment benefits totalled 881,000 for last week, compared with 1.011 million in the prior week. This is a significant drop, but the number of claims remains high.
Balance of Trade figures showed that the trade deficit is the largest it’s been since July 2008, suggesting that global trade is still suffering due to the coronavirus pandemic.
Today, Non-Farm Payrolls for August will be released. It’s predicted that the US will have added 1.4 million jobs, a slight decline from the 1.76 million added in July.
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