The dollar is down against the euro, the yen and the pound during early Thursday trading, as investors await the publication of the initial jobless claim numbers in the United States with some anxiety. It is widely expected that these numbers will be extremely high, potentially the worst in many decades due to the abrupt economic slowdown caused by the measures to contain the spread of the coronavirus. At the same time the number of new Covid-19 cases in the US is spiking, further weighing the greenback down. It is interesting to note that the dollar’s weakness is occurring despite the White House and Congress having reached an agreement on an economic aid package worth $2 trillion, reinforcing the idea that during these interesting times the virus is setting the agenda, not policy makers.
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