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EUR/USD rose above 1.2150 after a risk-appetite rally on Covid-19 vaccine news lifted riskier currencies and weighed on the dollar. The Dollar Index fell from above 90.50 toward 90.20.
Sources said the ECB will study the dollar's weakness despite the stronger US economy.
Dollar weakness driven by risk appetite supports dollar-priced commodities, though the move was small and largely a daily market fluctuation.
octaafrica.netJan 26, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
