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Recovery hopes lift British mid-caps; Ibstock shines
Published at 21/01/2021 at 10:06 -
European stocks rise ahead of ECB meeting, tech stocks jump
Published at 21/01/2021 at 09:49 -
London stocks rise on swift economic recovery, U.S. stimulus optimism
Published at 21/01/2021 at 08:19 -
European shares extend gains on U.S. stimulus hope
Published at 21/01/2021 at 08:19 -
UK Stocks-Factors to watch on Jan 21
Published at 21/01/2021 at 07:54 -
UK Stocks-Factors to watch on Jan 21
Published at 21/01/2021 at 06:29 -
Wall St bounce, upbeat earnings lift European stocks
Published at 20/01/2021 at 17:24 -
Miners lead FTSE 100 higher on earnings cheer
Published at 20/01/2021 at 17:06 -
Luxury stocks, ASML lift European shares in early trading
Published at 20/01/2021 at 08:32 -
UK stocks edge higher as miners, Burberry shine
Published at 20/01/2021 at 08:18
Forex News
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Bitcoin slumps 10% as pullback from record high gathers pace
Published at 21/01/2021 at 11:06 -
Bitcoin slumps 10% as pullback from record continues
Published at 21/01/2021 at 10:24 -
FOREX-Euro gains before ECB meeting; Biden stimulus weighs on dollar
Published at 21/01/2021 at 09:23 -
FOREX-Dollar on back foot as Biden optimism bolsters riskier currencies
Published at 21/01/2021 at 06:09 -
FOREX-Dollar on back foot as Biden optimism bolsters riskier currencies
Published at 21/01/2021 at 01:47 -
FOREX-Dollar slides vs most currencies on optimism about Biden administration
Published at 20/01/2021 at 20:15 -
FOREX-Dollar rises as growth worries weigh on euro
Published at 20/01/2021 at 15:34 -
FOREX-Euro sinks amid broader risk rally against dollar
Published at 20/01/2021 at 12:05 -
FX trading volumes jump 10% in December from year earlier - CLS
Published at 20/01/2021 at 10:29 -
FOREX-Dollar sinks for 3rd straight session as risk sentiment rises
Published at 20/01/2021 at 09:07
Market News
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Oil dips after unexpected rise in U.S. crude stocks
Published at 21/01/2021 at 10:58 -
PRECIOUS-Gold steadies near 2-week high on dollar retreat
Published at 21/01/2021 at 10:20 -
PRECIOUS-Gold hits 2-week high as U.S. stimulus hopes pressure dollar
Published at 21/01/2021 at 07:24 -
Oil slips on surprise rise in U.S. crude stocks
Published at 21/01/2021 at 02:20 -
PRECIOUS-Gold off 2-week high as investors book profits
Published at 21/01/2021 at 01:43 -
Oil rises on U.S. stimulus hopes, tighter market under Biden
Published at 20/01/2021 at 22:41 -
PRECIOUS-Gold gains over 1% as focus turns to Biden administration
Published at 20/01/2021 at 19:16 -
PRECIOUS-Gold rises as dollar dips on Yellen's call for bold stimulus action
Published at 20/01/2021 at 12:53 -
PRECIOUS-Gold gains as dollar weakens on U.S. stimulus outlook
Published at 20/01/2021 at 07:35 -
Oil extends gains on hopes of U.S. stimulus and crude stocks drawdown
Published at 20/01/2021 at 02:17
FOREX-Vaccine developments keep dollar down; Aussie and Kiwi strengthen
Published at
23/11/2020 at 08:57
* Graphic: World FX rates in 2020
LONDON, Nov 23 (Reuters) - Progress towards a COVID-19 vaccine rollout lifted riskier currencies on Monday, keeping the dollar on its downward trend.
AstraZeneca said on Monday that its vaccine could be around 90% effective. The British drugmaker will prepare submission of data to authorities around the world that have a framework for conditional or early approval.
This was the latest in a string of positive vaccine developments after U.S.-based Moderna Inc said on Nov. 16 its experimental vaccine was 94.5% effective and, a week earlier, Pfizer Inc and Germany's BioNTech SE said their vaccine candidate had demonstrated greater than 90% efficacy that rose to 95% with analysis of full trial data.
In a quiet overnight session, in which price-action was limited by a holiday in Japan, currency market sentiment was also lifted by a top U.S. health official saying on Sunday that vaccinations could start taking place by mid-December.
"Markets are following pandemic news at the moment - vaccine optimism seems to be supporting risk assets for the time being," said Paul Donovan, chief economist at UBS Global Wealth Management in a note to clients.
The dollar, which dropped 0.4% last week, continued its downward trend as traders' risk appetite grew. It was down 0.1% versus a basket of currencies at 92.234 at 0813 GMT .
The dollar also lost out to the yen, with the pair changing hands at 103.76 at 0820 GMT .
The New Zealand dollar surged to a two-year high after strong retail sales data, reducing the risk of further policy easing. It was up 0.4% on the day at 0.6952 by 0822 GMT
.
The Australian dollar - a liquid proxy for risk - was up 0.4% at 0.73285 .
The euro edged up, at $1.1868 . European Union leaders will continue to discuss the bloc's 1.8 trillion euro ($2.14 trillion) COVID-19 recovery plan, which has been vetoed by Poland and Hungary, German Chancellor Angela Merkel said last week.
Euro zone flash PMI data is due at 0900 GMT, followed by UK flash PMIs at 0930 GMT and U.S. at 1445 GMT.
ING strategists wrote in a note to clients that the data would have to be a significant surprise to have an adverse affect on the euro.
"Assuming the PMIs are not sharply weaker than consensus, we could see EUR/USD drifting up the 1.1915/20 area," they wrote.
German PMI data showed that the service sector in Europe's largest economy contracted faster this month after restrictive measures were introduced to slow the spread of the second wave of COVID-19.
The yuan slipped due to fresh U.S.-China tensions.
The Trump administration is close to declaring that 89 Chinese aerospace and other companies have military ties, restricting them from buying a range of U.S. goods and technology, according to a draft copy of the list seen by Reuters.
China said it opposed the possible move. The dollar was up around 0.2% against the offshore yuan at 0826 GMT, at 6.5651
.
($1 = 0.8425 euros)
(Reporting by Elizabeth Howcroft, Editing by William Maclean)
((Elizabeth.Howcroft@thomsonreuters.com; +44 02075427104;))