US jobless claims take a dive
Jobless claims in the United States have fallen to their lowest point since the beginning of the Covid-19 closures. Meanwhile, as Congress debates the next steps for a Covid-19 relief package, the Congressional Budget Office is projecting that the country’s deficit will triple in 2020. Plus, volatility has surged over the last few months, causing safe-haven assets to jump. And the US dollar has started to rebound from a multi-year support level as the prices of both bitcoin and gold have dropped off.
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