The dollar is still weak as Congress continues to debate a new fiscal stimulus package to help the US economy. A deadline was missed last Friday to extend enhanced unemployment payments during the pandemic.
The ADP National Employment Report was released yesterday, which showed that private payrolls growth slowed sharply in July, suggesting a loss of momentum in the labour market.
In more positive news, both exports and imports for the US rebounded firmly as global demand recovers from the coronavirus shock. Initial jobless claims data will be released later today.
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