The trading week started with an increased risk appetite and this is weighing down on the US Dollar. The greenback’s safe haven status means it’s becoming less attractive to investors, amidst a new wave of optimism. Despite the biggest daily global increase in new COVID-19 cases recorded on Sunday, investors appear to be shrugging aside any concerns, indicating that coexistence with the virus is becoming the new normal and focusing instead on the reopening of most economies after a damaging lockdown and the promise of a quick economic recovery.
