Weekly Focus – Strong Activity ahead of Slowdown

<p>Markets largely reflected strong macro news this week until the spook from a new COVID-19 variant/mutation (B1.1.529) observed in South Africa hit risk sentiment. The USD continued to strengthen amid strong US data and President Biden&#8217;s re-nomination of Jerome Powell as Fed chair. At the same time, COVID-related restrictions are weighing on the euro. Yields [&#8230;]</p>
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