fxstreet.com 22 Feb, 2021 08:00 am

Commodities rise on "reflation trade" dollar edges lower, stimulus news eyed

Commodities rise on "reflation trade" dollar edges lower, stimulus news eyed
Here is what you need to know on Monday, February 22: Markets are on the back foot amid concerns of a quick return to growth, reflating or even inflat

The UK's roadmap of returning to normal, the German IFO Business Climate and news related to US fiscal stimulus are eyed.Europe: The German IFO Business Climate figures for February are set to show an improvement in sentiment, echoing similar figures from ZEW.Prospects of high debt issuance have caused a sell-off in bonds, but the higher yields have yet to boost the dollar.Commodities "supercycle:" China's 2020 growth and prospects of a US rebound have boosted oil prices after a short profit-taking move.

UK: GBP/USD is holding onto 1.40 it reached late last week and ahead of a highly anticipated speech by Prime Minister Boris Johnson on easing restrictions.

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