The roller coaster ride in sentiment continues. Coronavirus cases continue to rise globally and in certain parts of the US. There is a fear that the reopening will have to be slowed to address this issue. At the same time, there is concern about global trade tensions both between the US and China but also between the US and Europe. All of that has led to lower stock markets this morning as well as lower oil prices. On the other hand, safe-haven assets like gold and the US dollar are trading up. The Canadian dollar is down 0.1% this morning.. It should be noted that the Loonie is basically flat since the beginning of the month and showing unusual stability in the fact of fluctuating sentiment.
