Following this positive vaccine news yesterday, the dollar weakened to a one-month low as investors turned away from safe-haven currencies, such as the greenback. However, concerns such as rising infection rates and increasing US-China tensions still remain, so the dollar is stronger again this morning.
Today, US retail sales data for June will be released. This is expected to show an increase due to the reopening of shops. However, it could also account for the lockdown ‘rollbacks’ which have occurred in some states due to a rise in infections.
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