The US economy may be headed for a V-shaped recovery aided ironically enough by the demonstrations that have made nonsense of the continued social and business restrictions and the riots whose damage will require massive spending to repair.EUR/USD is awake, alive, and kicking, hitting the highest in two months. European equities ended higher on Wednesday, supported by gains in insurer Allianz and carmaker Renault, with signs of a pickup in business activity adding to hopes of a faster economic recovery after months of lockdown.The euro enjoyed hopes for substantial fiscal stimulus, and the dollar mostly suffered hopes for a vaccine and quick reopening while ignoring Sino-American tensions. GBP/USD cannot complain about the lack of volatility – albeit things are becoming more complex. Politics, including Brexit, is growingly competing with coronavirus headlines from both sides of the Atlantic and eventually sent cable higher on the week, but lower on the month. A glimmer of hope was seen early in the week when reports emerged that the EU was ready to provide concessions around fisheries – a politically sensitive topic in the UK. However, sterling's rise was cut short by Britain's repeated refusal to extend the transition period beyond year-end, raising the chances that if talks fail, the UK would revert to World Trade Organization rules in 2021.he substantial AUD/USD rally this week capping a two-month return from the pandemic panic and almost two decade low in March has reached a technical and possibly fundamental hold point. USD/JPY consolidates gains below 109.00 after the latest uptick to two-month highs off 109.04. Broad US dollar rebound amid mixed Asian equities and looming US-China tensions keep the buoyant tone intact around the spot.