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G10 FX Week Ahead: Zero-sum game
Investors continue to reassess the risk of stricter containment measures against the optimistic prospects of a vaccine. This dichotomy may prove to be a zero-sum game for markets at the moment and we could see risk sentiment face further stabilization as we head into Thursday’s Thanksgiving holiday in the US (equity and bond markets are shut). Also at the end of the week, Black Friday sales figures will be closely watched to track any hint of resilience in consumer spending despite the pandemic. Hardly any catalysts will be offered from the US data calendar, with PMIs on Monday and a bunch of releases of Wednesday ... (full story)