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Fixed Income And Currency Market

27 Dec 2020

New Mutant Strain of COVID-19 Keeps USD steady at lower levels

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USD gained marginally from lows last week as investors turned to the safe-haven asset as many countries tightened restrictive measures against the new mutant COVID-19 virus. However, optimism over COVID-19 vaccines being effective against the new mutant strain of COVID-19 found in the UK boosted the market sentiment.

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Ketan Verma
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