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Covid Vaccine Talk Helps AUD/USD Reclaim $0.7200

FOREX

USD weakness has carried over into the Asia-Pac session and the greenback lags all of its G10 peers, with DXY trading through Thursday's low. The move seems to have been sparked by existing impetus, but some additional pressure to the greenback may have come from mildly risk-positive BBG headlines noting that Pfizer's Covid-19 vaccine is on track to receive regulatory review as soon as in Oct. AUD gained some steam on the news, with AUD/USD rising past $0.7200.

  • AUD/NZD keeps pushing higher, but is yet to attack yesterday's best levels. NZD has ground lower from the off, as RBNZ policymakers stuck to their familiar talking points, with Chief Economist Ha pointing to international evidence that negative interest rates work.
  • Preliminary PMI data from across the world, U.S existing home sales, UK & Canadian retail sales and EZ consumer confidence take focus today.
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