Risk appetite support Euro and risk-related currencies while Dollar continues to sink

Risk appetite continues to be the dominating sentiment amongst investors during early Friday trading, despite an alarming rise in the number of new coronavirus infections, fatalities and hospitalizations in the US, with the Centres for Disease Control and Prevention director saying that the next three months will be very difficult. However, investors already appear to look to a post-COVID future, where vaccines and fiscal stimulus packages will trigger an unprecedented rebound in economic activity. It is this optimism that is offering support to the Euro and other risk related currencies, while the safe-haven Dollar continues to sink.