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The upcoming week will look to see if risk appetite can still be supported on optimism that the coronavirus curve shows signs of flattening and after the Fed's unveiling of $2.3 trillion in programs to help businesses and governments. With the Fed going above and beyond with stimulus expectations, the dollar could continue to weaken on easing virus fears.
The big banks will kick off earnings season this week, and everyone is bracing for some ugly results. Despite all the uncertainty that persists regarding the coronavirus, optimism is growing that the virus