The dollar is still strong today, benefitting from its safe-haven status as COVID-19 infection rates continue to rise globally.
Stimulus news is also keeping the dollar strong, as it looks unlikely that Congress will be able to produce a stimulus package for the US economy before the Presidential election.
Yesterday, US Treasury Secretary, Steven Mnuchin said that “Getting something done before the election and executing on that would be difficult.” He added that he and leader of the Democratic Party, Nancy Pelosi, are still “far apart” on their views on spending.
There will be a series of data releases for the US today, including jobless claims figures.
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