Investing.com investing.com 04 Jan, 2021 07:30 am

January Monthly: U.S. Dollar Begins Year With Substantial Downside Momentum

January Monthly: U.S. Dollar Begins Year With Substantial Downside Momentum
Forex Analysis by Marc Chandler covering: EUR/USD, GBP/USD, USD/JPY, AUD/USD. Read Marc Chandler's latest article on Investing.com

Australian Dollar :  Nearly half of last year's 9.5% appreciation of the Australian dollar was recorded last month.Its acceleration is partly a function of the reflation trade and is thought to benefit from more robust world growth and a weaker US dollar, even though Australian growth is expected to be at the lower end of the high-income countries in 2021 (~2.We look for the Australian dollar to rise to $0.

It might not feel like a New Year, as the pandemic continues to ravage most countries.However, policymakers throughout the G7 provided more stimulus in late 2020 and extended many emergency facilities well into the New Year.

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