Last week the greenback continued to experience broad weakness within markets despite statements from Trump outlining that Covid-19 vaccine delivery will start this week as well as soothing comments suggesting that he will leave the White House if the electoral college votes for Biden. The DXY remained subdued beneath the 92.00 handle as EUR/USD closed above 1.1950. Gold selling continued as investors decided to seek riskier plays leading to a slump of over 4.5% for the inflation hedged asset. Looking to the week ahead, attention in the US will turn to the quantitative data set for release as market participants aim to gauge how the labour market has fared in the past month. NFP’s be released on Friday and is set to see another 500K jobs added to the market whilst the unemployment rate is expected to tick lower by 0.1% to 6.8%
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