XE Market Analysis: Europe – Jan 13, 2021

The dollar has declined for a second day, further giving back the rebound gains that were seen in the wake of the Georgia runoff elections in the U.S., and despite tomorrow’s detailing by president-elect Biden of the Democrat party’s economic stimulus plan. The dollar softened following remarks by Fed hawks Mester and George, yesterday, who pushed back on speculation that the central bank might taper its asset purchase program during 2021. U.S.