The foreign exchange markets continued to fluctuate as one week ended and another one began – this time as the effect of the reopening of the world’s economies began to be seen in earnest.
Risk appeared to be firmly back on the agenda as trading got underway on Monday, with the US dollar seeing a knock to its value.
However, the value of its drop was so small as to be almost negligible.
The currency was down by 0.05% at one stage in its index, which is an artificial tool used by traders to monitor the performance of the greenback against various other currencies from across the globe.
This left the value of the index sat at around 100.28.
Some currencies that have in recent weeks faced threats due to the coronavirus pandemic, however, seemed to be rising somewhat.
The Norwegian krone, for example, was up over the course of the day by 0.6% in its pair against the US dollar – it reached 10.1860 at one stage.
The Australian dollar, which is known for rising during risk-favoured moments and for being deeply linked with trading ties to the Chinese economy, was also on the rise.
It was up by half a percentage point or so in its pair with the greenback, reaching $0.6446.
Elsewhere, the single European currency managed to rise – though, as was the case with the greenback’s drop, it was by a small amount.
It was up by 0.05% at one stage in its pair with the greenback, reaching $1.0827.
These developments occurred against a backdrop of the ongoing coronavirus pandemic, which is showing some signs of slowing down.
Economies around the world spent much of the first half of this month exploring the possibilities of ending their lockdowns, though each country is approaching it in a slightly different way.
The slight optimism about how this process has worked and how sustainable it might be could explain why riskier currencies were in demand on Monday morning.
Sterling, meanwhile, was facing a Brexit-related issue.
It was spotted at $1.2107 in its pair against the US dollar, which represented some mounting problems.
The UK is currently stuck in a stalemate with the EU over trade.
It also came after a senior figure at the Bank of England appeared to hint that the country could explore the prospect of negative interest rates.
The report came in a piece for the Daily Telegraph released over the weekend.
Economic data looks set to play a key role in shaping the week ahead.
One set of economic data from Japan has revealed that the country is now in recession, which is the first time that this has happened there for five years.
It is widely expected that the country will experience a deep drop in economic growth – an assumption also felt in other countries across the globe.
Later in the week, meanwhile, Purchasing Managers’ Index surveys are expected to come from various large countries.