Chinese domestic economy is steadily improving, creating conditions for the normalization of monetary policy in 2021” is the Economic Information Daily front-page report.
This is a Chinese state-run newspaper specializing in economics and it claims that China’s economy is expected to grow about 8% in 2021.
Such news could dent the dollar some more which has struggled in recent sessions to stay above water in a risk-on environment taking hold.
The focus, for now, however, will be with the Federal Reserve’s Jerome Powell speaking today on the US economy.
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