Global Forex Market
Following a subdued week, the Dollar Index gained this week by +0.2%, closing at 100.38 on Thursday supported by the sell off in the US money market. Dow Jones Industrial Average hit the 20,000 milestone on Thursday, closing at 20,100.91 on the back of robust expectations for corporate earnings and pro-growth policies. S&P 500 gained +1.1% led by funds following into materials, banks, financials, consumer discretionary and info tech. Initial jobless claims for the week ending Jan 21 saw a rise to 259k while new home sales dropped to an annual rate of 526k, its lowest February 2016.
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