European Shares Recovered, Dollar Pressured

Wednesday, 07/10/2020 | 02:28 GMT

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European stock market was trading slightly higher after several losses in early session, as traders digested optimistic vaccine news unveiled by BioNTech SE and Pfizer Inc.

In FX markets, USD and JPY erased early gains as market mood turned risk-on, while NZD is leading across the board.

On the other hand, GBP is the worst performer, pressured by the ongoing Brexit talks.

In the New York session, given the risk-on remains, the analysts expect the high-beta currencies to continue supported, while USD and JPY to remain weak.

Xero Capital Markets Ltd. Review

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