The summary:
- The gradual recovery reflects the reopening of economies on the back of increasing vaccination rates, continued fiscal and monetary support and strong external demand
- But growth disparities will remain as the pandemic, geopolitical tensions, supply chain reconfiguration and climate considerations exacerbate differences
Its a quiet session for FX so far, so if you'd like to read the piece, link is here.
Special note is made of China's balancing at:
- In China, any policy missteps in the country's efforts to contain the impact of its property sector downturn and address social and income inequality could weaken its economic growth, with implications for the region's economies.
