- Concerns that the Delta mutation will slow or even reverse the recovery efforts appear to be sapping risk-taking appetites.
- The surge of the Delta virus and reports of a "Delta plus" mutation gaining ground is emerging as a powerful economic and political factor.
- The dollar rides high, with the Scandis and dollar-bloc currencies off leading the move with losses of mostly 0.3%-0.7%, with the Canadian dollar being tagged for more than 1%.
- OPEC+ struck a deal yesterday that had been rumored last week.
- The US economic calendar is dominated by housing markets reports (starts and sales) and the preliminary PMI at the end of the week.
For further details see:
Delta Variant Saps Risk Taking Appetites, Sending The Greenback Higher Even As Rates Fall