Markets Pleased With Prospect Of More Dollar Weakness To Start 2021

Propelled by a weaker dollar, risk assets looked to kick off the new year on a positive note, as global equities and commodities initially rose, while gold trekked nearly 2% higher. Subsequently, fresh virus concerns and the pernicious overhang of political strife undercut US stocks. Reasonably upbeat manufacturing data across Asia and Europe bolstered the mood ahead of a key week in the US, where the unfolding political soap opera took yet another dramatic turn on Sunday when an audio recordi