XE Market Analysis: Europe – Jan 07, 2021

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The dollar has found a footing after posting fresh losses yesterday, despite risk appetite holding up in Asian markets and into European trading. The DXY dollar index has inched above 89.50 after yesterday posting a 33-month low at 89.21. Markets are digesting the largely unexpected outcome in the two Georgia runnoff elections, which were won by Democrat candidates. Prospects for a Democrat Presidency, House and Senate have greatly increased the prospect for much more fiscal stimulus than there would have been in the scenario of a split House.