Optimism continues to prevail in the markets during early Monday trading, with the Euro touching its highest point versus the Dollar since March. Investors seem convinced the worst phase of the economic crisis caused by the coronavirus is now over. At the same time, despite the President’s threats, the US did not pull out of the Phase One trade deal with China, adding further strength to the risk-on sentiment. It seems that all the planets aligned to support the Euro when the additional boost provided by the prospect of a European rescue fund is also factored in.
