XE Market Analysis: Europe – Feb 11, 2021

Narrow ranges have been prevailing in overall languid trading conditions. Japanese, South Korean and Chinese markets were closed today, with the latter commencing the week-long lunar new year holiday. Singapore will be off tomorrow, and the lunar new year holiday will start tomorrow in Hong Kong. Despite these absentees, global stock markets have remained buoyant, if directionally unambitious. The dollar bloc currencies correspondingly have been firm while remaining below their respective Wednesday highs. The dollar itself settled above the lows that it saw yesterday.