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FX: Will the Global Recovery Shine This Week?
For the past few weeks investors have been focused on the U.S. recovery and its impact on the U.S. dollar. They were sorely disappointed when non-farm payrolls and retail sales came out well under expectations, but so far the dollar’s losses have been limited. Even stocks which declined on Monday is off last week’s lows. This nonchalant attitude stems from the market’s confidence in the global recovery. While some Asia countries tightened coronavirus restrictions, European nations are easing them. The UK kicked off the week with less restrictions on travel and indoor dining. In the euro area, Spain ended their ... (full story)