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Peso Loses Some Altitude


Coronavirus Cases Drop To Two-Month Low

FOREX: Weekend headlines re: Brexit headwinds for PM May have weighed on GBP
from the get go, with the rate last dealing 30 pips softer, although cable is
off of worst levels. EUR/GBP is off of highs, last 17 pips higher on the day.
- CAD has been the outperformer on the back of the developments at this
weekend's OPEC+ summit.
- AUD & NZD have posted marginal gains vs. the USD, reversing the early modest
losses as risk sentiment recovered.
- Y114.00 has capped USD/JPY thus far.
- Lacklustre economic docket today, speeches from Fed's Daly & ECB's de Guindos
provide the highlights.
- U.S. Veteran day holiday may effect liquidity.
MNI London Bureau | +44 0203-865-3809 |