Recovery hopes and vaccination progress to the rescue

  • Macro-economy

Confidence seems returning a bit on financial markets thanks to good economic indicators and hopes of acceleration in the vaccination campaigns. Bond yields edged up and stock markets are better oriented. The USD seems marking a pause after a strong rally. The EUR/USD pair fell below 1.18 and may continue to weaken, as long as the euro area does not show any clear prospects of exit from the Covid crisis.

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