The Canadian dollar strengthened
against its U.S. counterpart on Monday as the latest positive
update by a major drugmaker on the development of a COVID-19
vaccine boosted investor sentiment, with ...
* AstraZeneca (AZN) vaccine news drives risk-on approach. * Australia eases lockdowns, U.S. vaccines in sight. * Stocks hit record highs https://tmsnrt.rs/3nUxlfj. * EM FX no longer split by U.S. election https://tmsnrt.rs/3lVcw2w. By Lawrence White and Andrew Galbraith.
Britain's financial regulator on Monday fined currency options broker TFS-ICAP 3.44 million pounds for routinely reporting fake trades to customers for over seven years.
* Graphic: World FX rates in 2020 https://tmsnrt.rs/2RBWI5E. By Elizabeth Howcroft. Risk appetite in currency markets was boosted by progress towards a COVID-19 vaccine rollout even as PMI data showed a sharp contraction in euro zone business activity as a result of lockdown restrictions.
Most Central European
currencies were mixed on Monday while stock markets rose as
coronavirus vaccine news and developments in the Brexit
negotiations lifted investor sentiment around the world.
* Markets shrug off ratings downgrade on S.Africa. * EM stocks hit new 32-month highs. * Vaccine hopes boost global mood. * Lira bucks trend with almost 2% fall. By Sruthi Shankar. The South African rand jumped on Monday despite a pair of sovereign ratings downgrades, while emerging market stocks raced to a fresh 32-month high on hopes of an early rollout of COVID-19 vaccines.
* AstraZeneca (AZN) vaccine returns stocks to February levels. * Australia eases lockdowns, U.S. vaccines in sight. * 2020 asset performance http://tmsnrt.rs/2yaDPgn. * World FX rates in 2020 http://tmsnrt.rs/2egbfVh. * By Lawrence White and Andrew Galbraith.
* Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh. * Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv. Sterling rallied on Monday as more positive news about a potential COVID-19 vaccine propelled investors to buy riskier currencies and offset concerns about whether Britain and the European Union can clinch a Brexit trade deal.
* Graphic: World FX rates in 2020 https://tmsnrt.rs/2RBWI5E. Progress towards a COVID-19 vaccine rollout lifted riskier currencies on Monday, keeping the dollar on its downward trend. AstraZeneca (AZN) said on Monday that its vaccine could be around 90% effective.
Norway's central bank will reduce its daily foreign exchange sales on behalf of the government from the equivalent of 1.6 billion crowns to 500 million crowns, it said on Monday. The reduction takes effect immediately, Norges Bank said.
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