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Monday's US Dollar Blues
New actions to contain the virus are being taken in the US and Europe, but investors are looking past it and taking equities and risk assets, in general, higher to start the new week. MSCI Asia Pacific recouped most of last week's 0.7% loss with gains of move than 1% in Japan, Hong Kong, South Korea, and Australia. Coming fiscal support helped lift the Australian market by more than 2.5%. Europe's Dow Jones Stoxx 600 is up for a third consecutive session and is nearing the 200-day moving average that has checked the benchmark over the last three months. US shares are trading with a clear upside bias. Meanwhile, ... (full story)
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