US Dollar weakness against the backdrop of heightened US fiscal stimulus expectations has reinvigorated the bullish fundamental backdrop for silver prices.
The price of Brent crude oil looks to have consolidated its gains after climbing above the $50/barrel mark and is now well-placed to advance further in coming days.
The US dollar basket continues to fall and is touching the 90.00 level, a low not seen in over two-and-a-half years. Important data and FOMC decision later today.
GBP/USD is climbing for the third successive day on continuing hopes of a post-Brexit EU-UK trade deal; the latest UK economic data show a steep drop in inflation.
The Canadian Dollar may continue to outperform its haven-associated counterparts on the back of the BoC’s wait-and-see approach to monetary policy and positive vaccine progress.