XE Market Analysis: Europe – Feb 03, 2021

The dollar has largely been consolidating gains seen yesterday, which came amid signs that the Democrats will manage to pass the mammoth $1.9 tln relief bill without the support of the Republicans. There has been positive news from the Covid vaccine rollout front, too, though the EU’s mishandling still means that continental Europe will likely lag peers in reducing societal restrictions, which is being expressed by euro underperformance. Wall Street had one of its best days in several months, and U.S.