As COVID-19 cases in the United States increase 1.5%; Below an average of 1.6% over a week, US President Donald Trump said that the destruction of COVID-19 could have been stopped by China.
The country is ready to move forward and says that 2021 will be a great year from an economic point of view. Realistically, it will come down to whether the economy can get back to work without causing the virus and Federal Reserve Chairman Jerome Powell argues that a full economic recovery may require a COVID-19 vaccine first .
Meanwhile, in other recent news, tensions between China and the United States have never been so hot: a war of words: I call on China to increase the number of nuclear warheads and strengthen nuclear deterrence – Global Times.
The foundations are being laid for the rest of the troublesome year and 2021. To begin with, traders are concerned about the daily strategic means for the reopening of the economies linked to COVID-19 blockages.
On Friday, “market sentiment continued to fluctuate between fears of an economic slowdown and hopes of reopening. Treasury bill yields remained depressed throughout the week”, – FXStreet
Then there are tensions related to the trade war. Meanwhile, as the prospect of a war between the United States and China dissipates on the backburners, it is still not seen as an immediate threat in the markets. However, the yen and the US dollar, gold and Bitcoin were favored as instruments of refuge at that time.