FX MARKET REPORT 07.01.2021

FX MARKET REPORT 07.01.2021

FX MARKET REPORT 07.01.2021

Daily Commentary
Daily Commentary
FX MARKET REPORT 07.01.2021
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FX MARKET REPORT 07.01.2021

Markets have been shrugging off the storming of the Capitol by  supporters of President Donald Trump. Investors focus on Democrats’ win  of the Senate after the elections in Georgia, pushing stocks higher. The  dollar is torn by a move away from the safe-haven currency and higher  yields. Coronavirus and vaccine statistics and jobless claims are eyed.   Britain is struggling more than other countries, yet it is ramping up  its vaccine distribution. GBP/USD is trading below 1.36, also amid  England’s strict lockdown.  EUR/USD trades near-daily lows of 1.2293,  down 0.24% on the day amid broad-based US dollar rebound, as the  Treasury yields rally about 2% so far. The dollar index was down 0.1% at  89.472, still close to its overnight low of 89.206, a level not seen  since March 2018. USD/JPY was up 0.2% at 103.29, with the yen  underperforming with a fresh state of emergency for Tokyo and the  neighbouring Saitama, Kanagawa and Chiba prefectures is due to be  declared later in the day as Covid-19 cases rise.

Markets have been shrugging off the storming of the Capitol by  supporters of President Donald Trump. Investors focus on Democrats’ win  of the Senate after the elections in Georgia, pushing stocks higher. The  dollar is torn by a move away from the safe-haven currency and higher  yields. Coronavirus and vaccine statistics and jobless claims are…

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