No love for the Greenback this week as improving economic data & positive coronavirus therapy news suppresses demand for the safe haven, reserve currency.
United States Headlines and Economic data
Strong move lower in USD during the U.S. trading session, likely on a combination of improving economic data and outlook, as well as positive comments from U.S. Vice President Pence on coronavirus cases flattening in the hot spot states.
The Dollar recovers a bit during the U.S. trading session, likely on a shift in global risk sentiment towards negative after U.S. equities fall amid refreshed concerns of how the coronavirus will impact the economy.
USD moves back to the downside during the U.S. session as risk sentiment shifts positive after news from Gilead that remdesivir coronavirus treatment reduces risk of death.