Australian shares went down on Thursday, as a fresh cluster of COVID-19 cases sparked a lockdown in the state of South Australia while numbers in the United States also increased, denting recent optimism over promising vaccine trial results. Most businesses in South Australia will close except for some food outlets, and people will be largely [...]
USD/JPY prints 0.10% intraday losses while during the early Wednesday. In doing so, the yen pair drops the lowest since November 09 as the corona virus (COVID-19) firms up grip in Tokyo. It’s worth mentioning that the upbeat trade numbers and Japanese policymakers’ readiness to battle the pandemic also favor the sellers off-late. Apart from [...]
The Australian dollar climbed to a one-week high on Tuesday as investor sentiment was boosted by corona-virus vaccine hopes and RBA minutes release. Risk assets were buoyed overnight by news that Moderna's MRNA.O COVID-19 vaccine recorded a 94.5% efficacy rate in preliminary numbers from a large late-stage clinical trial. NAB analysts wrote in a note [...]
GBP/USD shows upward movement this Monday, helped by the upbeat market mood-led additional weakness in the US dollar across its main competitors. The haven demand for the US dollar got almost killed, as euphoria on the corona virus vaccine progress, solid Chinese factory output and Japanese economic rebound lifted Asian equities to record highs. The [...]
