The dollar has weakened slightly but remains strong this morning as positive economic data is released.
The US is administering around 1.3 million vaccines a day and seems to be on track to meet President Biden’s goal of “100 million shots in 100 days”. The President continues to move forward with his $1.9tn fiscal stimulus package, despite a lack of Republican support.
Jobless claims continue to fall and by more than expected. Nonetheless, the number of unemployed Americans remains worrying.
Non-farm payrolls will be released later today which will be a significant indicator of how the US economy fared in January. A gain of 50,000 jobs is predicted.
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