The dollar is strong against the euro this morning as it benefits from its safe-haven status and the successful vaccine rollout in the US. The US’ economic strength is also contributing towards the greenback’s strength.
As well as this, President Biden announced last week that he would double his vaccination goal, after surpassing 100 million shots 42 days ahead of schedule. US jobless claims fell to a one-year low last week, signalling that the economy is picking up.
This week, employment change figures will be released on Wednesday, followed by PMI data on Thursday. Non-farm payrolls will be released on Friday, which are expected to show that the US economy added 655,000 jobs in March, up from February’s figure of 379,000.
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