The trading week started with risk-on dominating market sentiment. The safe haven Dollar is retreating, while risk-related currencies, such as the Euro and the Australian Dollar continue the upward trend initiated last week. Confidence among market operators derives from hopes that the economic recovery, seen since the easing of lockdowns, will be sustainable as consumption continues to edge closer to pre-pandemic levels. With another earnings season starting this week, the current optimism could also result from investors’ belief in better results than would have been expected only a few weeks ago.
