Beyond Currency

29 March 2021 - Dollar strength to overshadow G7 currencies


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"Concerns over the ready availability of sufficient doses of vaccine to provide a second jab to those who want it are likely to limit the progress of both the lockdown and the economic recovery.
There has been a lull in the belligerence of the EU over vaccine exports. They have realised that the UK is possibly innocent of any underhand tactics over vaccines having been able to take a quick decision rather than commit the entire process to a series of committees.
The economic recovery from the Pandemic will take another step forward today as restrictions on individuals are relaxed and the rule of six returns. This will be the prelude to the reopening of non-essential shops in two weeks’ time. That will be the acid test for several sectors of the hospitality industry.
There is a threat to the recovery from the new strains of the virus currently affecting mainland Europe, but the fact that the UK is so far ahead of the game with regard to vaccinations it is hoped that any increase in cases will not lead to an increase in either hospitalization or fatalities.
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Beyond Currency Market Commentary:
Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.
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