XE Market Analysis: Europe – Dec 15, 2020

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Narrow ranges have been prevailing among the main dollar pairings and associated cross rates. This has been seen against a backdrop of sputtering global stock markets. Data showing Chinese industrial production rising 7.0% y/y in November, a 20-month high, along with a rise retail sales, didn’t have much impact. Commodities have also been lacking direction after recent gains. The surge in new positive test results for Covid in northern hemisphere countries, ranging from Japan and South Korea, to Europe and the U.S.