Fewer COVID-19 deaths and a lower dollar lift sentiment

George Kessarios

George Kessarios
Chief Economist & Fund Manager

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Analyst Insights, Monday, 6th of July, 2020

Fewer people dying from COVID-19, even as infections continue to rise, is giving markets the hope that the pandemic will soon be behind us. Also contributing to the risk-on environment is a lower dollar, which might be a result of dollar funding not being the problem we all thought.

Meanwhile, the markets in the US and Europe are continuing higher, despite that all data points are telling us that the second quarter will be a disaster. The Asian markets seem to be coming back to normal.

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