When EURUSD fails to rally on the back of an optimistic ECB, then you know that the USD bulls are probably back in town. Bankruptcies rise despite trillions of liquidity misguided lockdowns have destroyed the global economy the impact will last for years.Massive bailouts generate a solvency crisis that was triggered by the irresponsible decision of some governments of shutting down entire economies. The FED has monetized three times as much debt as China holds in the past 3 months without a glitch; should China proceed with this highly symbolic if largely innocuous escalation, one can only imagine what the US retaliation would be.
