FX News

FX News for 2020-11-27

Direct FX

Worldwide coronavirus cases surpass 61.22 million with over 1,435,000 official deaths.

Key Points:

  • AstraZeneca has come under scrutiny after word got out that only partial doses were administered, clearly holding back crucial information which eroded confidence.
  • NZ Retail Sales came in a staggering 28% in the third quarter compared to -14% in the second quarter highlighting a bounce in local spending. 
  • US coronavirus cases and deaths are on the rise amid US Thanksgiving holiday as millions of people defied official travel advice to not gather. 
  • EU and UK Brexit talks are expected to resume with face to face discussions with EU officials preparing to travel to London.
  • US unemployment claims for last week jumped to 778,000 from 742,000 with an increase to unemployment.  
  • From 12 October China has banned Australian imported coal with over 80 ships now sitting off ports in China waiting for clearance.
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