Three Charts That Show Asia Risk Assets Eclipsing the Dollar
- Havens lose luster while Aussie dollar, EM bonds regain appeal
- U.S.-China tensions may limit rally in risk assets: Nomura
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The world is still struggling to subdue the coronavirus but the bond and currency markets are already looking past the pandemic.
After sheltering in havens for weeks, investors are back in risk-on mode. The most indicative sign may lie in the dollar, which was the most sought-after asset during the worst of the selloff. It’s down for a third week.