After a Thursday dominated by the resurgence of risk avoidance, following Federal Reserve Chairman Jerome Powell’s highlighting of the long path to recovery, it appears that Friday’s dominant tone will once again be of greater risk appetite. This dynamic is illustrated by the Euro and its gains of more than 0.30% versus the Dollar during early Friday trading.
Despite the words of caution from the Fed, economic numbers that point at the greatest recession since the second world war and, worryingly, a resurgence of coronavirus cases in regions where the lockdown has been lifted, investors still see the glass half-full and continue to offer support to riskier assets..
