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FOREX SUMMARY

FOREX

USD stayed better offered, benefitting most majors today.

  • Rising inflation expectations, odds of a US stimulus deal on the horizon, and speculations that Trump could be back at the White House today, have all weighted on the Greenback.
  • EUR extended gains versus most G10, beside the NOK, on the risk aversion and recovery in Oil price.
  • USDNOK is through the October low, and best performing currency against the USD in G10, up 1%
  • USDNOK eye psychological 9.20 next, now at 9.22 at the time of typing, ahead of 9.1800 below.
  • EUR, extended through the high of the session against USD, CAD, TRY, RUB, and AUD.
  • EURUSD broke initial resistance at1.1770/73 High Oct 1 / Trendline drawn off the Sep 1 hig, to print a 1.1798 high.
  • EMFX have traded within ranges, taking their cue from the risk aversion.
  • Looking ahead, UK: Health Sec To Deliver Statement To Commons At 1530BST On COVID-19 Case Issue.
  • Recall: weekend news on Covid and how 15,841 positive Covid cases weren't registered on its data system between September 25 and October 2,

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