What you need to know on Tuesday, February 16:
Optimism kept the dollar under pressure against all major rivals except the yen. The optimistic sentiment was backed by hopes that the US Congress will speed up a stimulus bill now that it has acquitted former US President Donald Trump in his second impeachment trial.
The China and US markets were closed amid local holidays, but US futures rose to new all-time highs. The Chinese holiday will continue for most of this week.
Major pairs saw little action with the EUR / USD unchanged for the fourth day in a row. GBP / USD continued to rise and recovered the 1.3900 threshold, amid the general weakness of the dollar and the absence of macroeconomic news from the UK that could affect the pound. Commodity-linked currencies also faced their American rival.
Coronavirus: Optimism overshadowed concerns related to the new strains, as countries leading in vaccine immunization report encouraging results. In Israel, the number of new cases, serious illnesses and deaths continues to fall among those who received two Pfizer injections. Additionally, the UK has reached 15 million vaccinated people, reporting fewer than 10,000 new cases daily for the first time since October last year.
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