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Vaccine Caution Spurring Risk Off

FOREX

USD catching a small bid amid risk off trade in Asia.

  • Some of the reduction in risk appetite is being attributed to reports that the Novavax COVID-19 vaccine could be less effective against the South African variant of the virus.
  • "A Covid-19 vaccine from Novavax proved nearly 90% effective in preliminary results from a key clinical trial in the United Kingdom, the company said, but in a separate trial appeared far less effective against a new variant of the coronavirus that was first identified in South Africa."

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