XE Market Analysis: North America - Feb 10, 2021
By: XE Market AnalysisThe dollar has continued to soften, while stock markets in Asia rallied despite Wall Street pausing for breath yesterday after the flagship indices posted record highs on the previous day. The reflation trade is back in play, aided by the remarkable drop in the rate of new positive Covid test results globally, which are down by nearly two thirds from month-ago levels, and which are being accompanied by falling mortality rate -- and are being observed across nations regardless of lockdown stringency or vaccine status. Read more