The dollar registered a fourth straight monthly drop setting for the worst August in five years and the longest run of monthly losses since the summer of 2017.
Category: Weekly Report
While additional monetary easing is a must to keep economic growth on track, the sentiment of the markets slightly improved due to supportive data.
Market sentiment soured following the adjournment of the U.S.-China Phase 1 trade deal review, initially scheduled for Saturday, leaving the deal intact.
Investor sentiment was supported by expectations of further fiscal COVID-19 aid in the United States despite considerable uncertainty on whether U.S. policymakers can agree on a new package.
Fears about the economic fallout from soaring COVID-19 cases and economies suffering deepest contraction on record force investors to take a step backwards.