Good Data, Broker Squeeze = FX Risk Recovery | BK Asset Management
January 28, 2021 Daily FX Market Roundup 01.28.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management All of the major currencies traded higher on Wednesday on the back of good data and equity market gains. The US economy expanded by 4% in the fourth quarter but this increase was not enough to prevent the economy from shrinking at its fastest pace in 70 years. On a year over year basis, US GDP fell -3.5% in 2020, the first decline since 2009 and the sharpest since 1946. On the bright side, the US economy closed the year in good shape. Despite holiday restrictions, the...
Source: bkassetmanagement.com