Investors started the week on a cautious note despite data showing that China’s economy bounced back strongly in the final quarter of 2020.
The world’s second-largest economy reported 6.5% growth in Q4, making it one of the few economies to achieve a rapid turnaround amid the global pandemic. Given how U.S. markets were closed on Monday due to the Martin Luther King holiday, there was little movement in the FX space.
However, the not so ‘mighty’ Dollar caught our attention as prices hovered above the 90.50 level.
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