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EMEA Morning Briefing: Stocks to Struggle as Update on Evergrande Awaited morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
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Victory for the Democratic party in this week’s Senate run-offs will add to the long-term pressure on the US dollar, which was already expected to continue its slide this year, analysts say. The dollar has kicked off 2021 on a subdued note after notching up losses of 7 per cent last year against a basket of its peers. This week, it touched its weakest levels since April 2018, helping to push the euro and the Chinese renminbi to multiyear highs. The US currency has been on a losing streak since the unprecedented actions taken by the Federal Reserve last year to limit the turmoil caused by the coronavirus crisis. Expectations that it would keep rates low for years have emboldened investors to look beyond typical havens like the dollar and seek out riskier corners of the market. ....