Financial markets remain on edge over the spread of the novel coronavirus as severe COVID19 restrictions drag the global economy into a deep recession.
Risk sentiment took baby steps and steadily improved this week on tentative signs that the pandemic is slowing in U.S. and European hotspots.
Risk appetite improved after the Fed’s bold efforts to bolster local governments and small and mid-sized businesses.
Optimism that the coronavirus crisis was slowing faded, increasing investor concerns over the economic impact of the pandemic, while dollar prevails.
Investors moved back into riskier assets on hopes that lockdowns may be slowing the spread of the coronavirus in some countries.