China GDP recovery paves way for monetary policy normalization

Chinese domestic economy is steadily improving, creating conditions for the normalization of monetary policy in 2021'' is the Economic Information Daily front-page report.

This is a Chinese state-run newspaper specializing in economics and it claims that China's economy is expected to grow about 8% in 2021.

Such news could dent the dollar some more which has struggled in recent sessions to stay above water in a risk-on environment taking hold. 

The focus, for now, however, will be with the Federal Reserve's Jerome Powell speaking today on the US economy.