Today,
market sentiment is an appetite for risk. News that the United States and China
will meet to discuss trade and expectations of progress in negotiations in
Washington over a stimulus package are driving the current positive sentiment
in the market.
The dollar
retreated in the Asian session on Wednesday, following up on the previous day's
losses, with more bets that the US Federal Reserve will ease monetary policy
further and with investors attentive to negotiations in the US Congress on new
fiscal stimulus.
Treasury
yields retreated on Tuesday as investors remained pessimistic about the state
of the US economy and noted the slow pace of negotiations in Congress for
another package of fiscal stimulus to combat the coronavirus pandemic.
Oil has
stabilized in Asia, due to fears about increased production by the Organization
of Petroleum Exporting Countries, or OPEC, and allies and the US to curb rising
prices.
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