FX News

Risk appetite wanes as equities come off early 2021 highs.

Worldwide coronavirus cases surpass 95.7 million with over 2,044,000 official deaths.

Key Points:

• Brexit has been agreed on the 30th December between UK and EU lawmakers but issues are still a plenty with many problems in fisheries
• US Holiday saw quiet markets Monday with Martin Luther King Day
• Iron Ore markets continue to break records after Chinese steel productions hit fresh highs
• Chinese 4th quarter GDP slides short of estimates but overall the economy expanded by 2.0% in 2020 while the rest of the world suffered through the coronavirus pandemic

Major Announcements last week:

  • US Retail Sales prints lower at -1.4%, -0.1% expected
  • US bank holiday (MLK) slows markets Monday
  • China have fresh lockdowns after a new coronavirus outbreak
  • Iron Ore prices hit record levels
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