The dollar strengthened towards the end of yesterday as it continues to benefit from its safe-haven appeal. US stock markets dropped on news that America hit another record high with coronavirus cases.
More than 60,000 new COVID-19 infections were reported on Wednesday and deaths rose by more than 900.
Meanwhile, economic data from the US is still looking positive. The number of Americans filling for unemployment benefits came in at 1.31 million in the week ending July 4th, down from a revised 1.41 million claims in the previous week and below market expectations of 1.38 million.
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