Over the holiday weekend, the number of coronavirus cases in the US hit new record highs but Monday’s rally in currencies and equities suggest that investors are unfazed by the growing health crisis in the US. The Dow Jones Industrial Average rose more than 300 points as the euro closed above 1.13 against the US dollar for the first time in nearly 2 weeks. It is important to note that even though many currencies traded higher, the Japanese Yen and Swiss Franc also gained strength versus the dollar which is a sign that not everyone is convinced that the improvement in risk appetite is here to stay. For now, the death ... (full story)