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An instant gratification retreat US dollar rises, equities ease Whether the end of last week was a bit slow news-wise, an inauguration comedown, or just investors reducing risk exposure in their portfolios, financial markets limped across the finish line. Stocks and commodities eased, and on currency markets, the US dollar managed to climb for the first time in three days. A similar tone is pervading Asian markets again this morning with the news wires carrying stories about vaccine delays and possible roadblocks in the Biden USD1.9 trillion stimulus plan. Regarding the former, it is an indictment of society in this digital hyper-connected world that issues with vaccines are weighing on sentiment. The arrival of Covid-19 vaccines is not like Amazon Prime, click a mouse, and the order arrives a couple of hours later in enough packaging to deplete the Amazon rain forest.

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