A resurgence in risk appetite is dominating markets on Tuesday morning, mainly driven by the prospect of several countries restarting their economies after an extended period of lockdown. The positive sentiment has so far kept the US Dollar under pressure, as investors who sought refuge in the greenback are now moving back into risk-related assets. This switch is boosting the performance of the so-called commodity currencies such as the Canadian and Australian Dollars, as well as the Norwegian krone, which are all up versus the US dollar, as markets can see light at the end of the tunnel as some of the countries most affected by the coronavirus pandemic prepare to return to work.
