1) The US Dollar retreated from 2-month highs, as the intensifying in US Unemployment Claims weighing on optimism over US fiscal stimulus deal. According to a key lawmaker, Democrats in the US House of Representatives are working on a $2.2 trillion coronavirus relief aid that could be voted on as soon as next week. Also, investors are worrying on a mixed message from Fed policymakers on the inflation and employment.
2) US Department of Justice (DoJ) allow the goverment to ban WeChat for download in app stores pending an appeal.
3) AUD/USD traded above 0.7050, amid risk-on tone and ignored a drop in the Australian Trade Surplus last month.
4) USD/JPY failed to break above 105.50 after Japan confirmed the easing of entry restrictions for new arrivals into the country.
5) GBP/USD advanced above 1.2750 amid UK Chancellor of the Exchequer Rishi Sunak’s job protection scheme and renewed Brexit worries.
6) Gold traded slightly higher around $1,870 amid weaker dollar. WTI crude oil held gains near $40.50 per barrel.
Follow us on the telegram channel for the latest news, tips and various other information : MONSUN ASIA (MARKET UPDATE & ANALYSIS)