The euro and Swiss franc took an early lead on Monday with better-than-expected (but still contractionary) business sentiment data from Europe, which was enough to weather the negative European economic updates, continued Brexit uncertainty, and counter currencies flows.
Global risk sentiment was on the rise as traders stayed optimistic on a U.S. stimulus package, which did put pressure on the negative yielding currencies, but not enough to take away their net positive performances for the week.
The euro and franc topped out for the week against the risk currencies after U.S. President Donald Trump reversed on his call to end work on a stimulus package, calling for Congress to aid the U.S. airline industry.
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Every day, I will present to you my findings and daily commentaries on what recently happened in the economic arena, possible shifts in sentiment, economic events to watch out for, and their effects on currencies.