USD’s rally takes a pause, while riskier assets are modestly rising.
Tag - gbp
Global stocks were mostly lower on Monday, following the weakness on Wall Street on Friday that stemmed from the weaker-than-expected retail sales report for December.
Asian equity markets began the week cautiously after Friday’s losses on Wall St. Mixed Chinese GDP added to the tentative mood for stocks.
Market sentiment is not very distinctive…
Poor US data, slow vaccine distribution, rising virus cases worsened the market sentiment and underpinned safe-haven currencies like the USD, and JPY.
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Check the performance of the market for Friday
Donald Trump was impeached by the US House because of his role in a riot by his supporters that left five dead. The trial that should follow after Trump stops being President should draw much attention.
Joe Biden is going to unveil a Covid-19 relief package of about $2 trillion. After this announcement, the 10-year Treasury yield rose, adding support for the USD.
Asian equity markets mostly lacked firm direction as bourses took their cue from the rangebound session in the US where tech losses were offset by cyclicals.
The US dollar’s weakness offered a boost to emerging-market currencies and oil.
WTI oil price doesn't seem to care much about what's happening in the US Capitol. Why should it, right? Anyway, the USD is trembling - see the market update.