XE Market Analysis: Europe – Jan 04, 2021

The dollar has started the new year with a declining bias, which is of course where it left off last year. This comes against the backdrop of a coursing “everything rally”, with the MSCI Asia-Pacific equity indexand S&P 500 futures hitting record highs. Base metals and oil prices also rallied, and the main crypto currencies hit fresh record levels. The dollar itself is correlating inversely with this theme, with U.S.