What you need to know by Tuesday, April 20:
The dollar tumbled amid prevailing appetite for risk, and the currency space reacted belatedly to the rally in stocks last week and upbeat data from the United States spurred demand for high-yield assets.
EUR / USD spiked past 1.2000, while GBP / USD flirted with 1.4000. The USD / JPY pair sank to 108.00, ending the day nearby. Commodity currencies were the worst performers, cutting intraday gains amid the poor performance of US equities, which closed in the red after hitting all-time highs at open.
Gold traded as high as $ 1,790.00 a troy ounce, but settled at $ 1,770.00, bearish for the day. Crude oil prices posted a modest intraday advance, with the WTI adding 20 cents a barrel and ending at $ 63.50 a barrel.
Yields on US Treasuries fell early in the day, but managed to rebound before the close of Wall Street, and the yield on 10-year Treasuries settled at 1.60%.
Coronavirus: Israel, the UK and the US continue immunization against the coronavirus, with a clear decline in numbers related to the pandemic. Elsewhere, however, the situation worsens, with record cases and new tensions emerging.
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