FX Risk Rally Continues as Stimulus Prospects Grow
December 17, 2020 Daily FX Market Roundup December 17, 2020 Risk appetite remains strong with equities and currencies extending their gains on Thursday. The growing prospect of a stimulus deal in the US and a Brexit agreement in the UK drove investors out of safe have currencies like the US dollar and Japanese Yen. High beta currencies took flight with strong gains in sterling, the New Zealand and Australian dollars. The greenback fell to fresh 2.5 year lows on the back of mostly weaker data. Although building permits rose strongly, housing starts grew at a slower pace, the Philadelphia Fed ...
Source: bkassetmanagement.com