Jeremy Stretch

It’s very much a case of hopes for the future against the reality of the first quarter of this year which is going to still prove to be fairly troubled, for now at least, the optimism that we’re hoping for has been somewhat delayed and that has taken a little bit of steam out of the euro and just put a little bit of support back in the dollar but ultimately I think it is still a case of those high-beta commodity currencies, reflation currencies, will continue to perform well.

The threat of a breakdown in negotiations for now at least has been averted, though of course the president continues to persist with some of his comments regarding the COVID outbreak, but at least from the trade side it looks as though the participants involved have dialled down the temperature a little bit.