FOREX SUMMARY: Sell Dollar, Wear Diamonds? ...>

FOREX: FOREX SUMMARY: Sell Dollar, Wear Diamonds? 

-Risk sentiment has once again led price action in FX and particularly the USD. 

-The currency has been sold across the board against most currencies, following

a Risk On tone day, as S&P gains some 6% since last Thursday's low. 

-AUDUSD broke trough last Friday's double top, on the back of the USD sell off,

but also a continuation for the overnight Asian session, commo FX led, with

further momentum during EU hours. 

-EM and LatAm traded on the front foot, as the USD weakened, but plenty of focus

coming this week with CBRT and SARB rates due for release and further cuts

expected for the respective countries. 

-USDJPY is 0.40% up, led by US yields as Tnotes drifted lower on the improving

risk sentiments, and more Covid-19 headlines hitting our screens this afternoon.

-As per Bloomberg: *Moderna vaccine has promising results in 1st phase of

clinical trials. 

-CAD, NOK and RUB have traded in line with WTI rallying back above $32.00.