The USD is mixed/mostly lower
As NA traders enter for the day, the AUD (and NZD) is the strongest) and the JPY is the weakest. The risk on trade is on as traders are encouraged by the reopening of the economy and hopes for a vaccine by the end of the year. Stocks are soaring after Moderna announced positive phase I results for its Coronavirus vaccine.
The USD is mixed/mostly lower with the AUDUSD and NZDUSD trading at session highs with most of the trading direction in above the Friday unchanged levels. The USDCAD is also trending (lower – higher CAD) and near its low extreme on the day. The EURUSD, on the other hand has been in a 28 pip trading range and trades near unchanged. on the day.
