No clear direction for financial markets
The markets are hesitant, with no clear direction. The EUR/USD exchange rate has risen sharply to 1.09 after statements by ECB members raising the possibility of…
Global stocks continue to rise and so do commodity prices and bond yields, while the Bitcoin is nearing $50000. Risky assets are pushed higher by a mix of confidence in the future economic recovery and speculation in a context of over-abundant liquidity. The reopening of US financial markets will test this optimism today. The EUR/USD is almost stable near 1.2130-40.
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