Victor Camargo
04/19/2021
Supported by an improvement in optimism regarding the economic recovery on accountof the acceleration in the rate of vaccination in Europe, the euro has passed above the region of 1.20this Monday for the first time since 7 March, while several countriesEuropeans continue their efforts to reopen the economy.
In contrast, the DXY index extended its losses to below 91.2, whiletreasury yields remain below the levels of the previous month and indexes around theworld stay close to record highs. Furthermore, it appears to be difficult for the dollar toattract new investors with the Federal Reserve insisting that any increase ininflation is likely to be temporary and that it will maintain financial conditions asthey are until the US overcomes the effects of the pandemic.
After renewing record highs, the main North American indiceshave reversed recent gains to be traded downwards, with investors gettingmore cautious ahead of a new round of balance sheet reports this week. THECoca-Cola released better-than-expected balance sheets for both gains and lossesfor sales, while both IBM and United Airlines are required to disclose theirreports today.
In Europe, the indices were little changed close to record highs today, afterto record the seventh week of earnings last Friday. The DAX 30 closed onfall of 0.6%; the CAC 40 on the rise, reaching its highest point in two decades;while the IBEX 35 closed at its highest point since March 2020.
Source: https://wintrademarkets.com/
