The dollar is weaker against a host of currencies today as vaccine hopes and promising economic data have lessened its safe-haven appeal.

Promising data from Japan and China, showing that their economies are moving out of recession, has provided hope of a bounce-back in other areas.

Positive vaccine news, however, is offset by rising numbers of COVID-19 cases in the US and globally, which could lead to further lockdowns in some areas.

It’s a busy week of data for the US, with retail sales, industrial production and housing figures due this week.

For more on currencies and currency risk management strategies, please get in touch with your Smart Currency Business trader on 020 7898 0500 or your Private Client trader on 020 7898 0541.

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