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Risk Assets

USD a Little Firmer

The US dollar has been attempting to recover over the early European session on Monday. The greenback had been down sharply at the end of last week, with selling kicking in ahead of the 100 level on the index.

However, price has recovered back up to 99.46 last, as growing concern over COVID-19 drives some safe haven inflow.

Euro Near Lows

EURUSD has been a little firmer this morning also in light of the drop in equities prices. News of a surge in coronavirus cases in Italy, including three deaths, have hit European asset markets, offering EUR some support as traders buy back EUR hedges. EURUSD trades 1.0823 last

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GBP Holds Nears Support

GBPUSD has been a little weaker today with price hovering just above the 1.2869 support at 1.29 last. Concerns over the UK/EU trade talks are dampening GBP sentiment which had been a little better recently in response to stronger data. However, price now...

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