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covid-19 forex

Virus Vaccine Hopes Emerge

Following last week’s softer session, market sentiment has turned positive again this week. Traders are reacting with optimism to news of a potential COVID-19 vaccine. Biotech firm Moderna has reported that one of the key drugs it is trialing is showing positive signs.

During testing, the potential vaccine has shown to produce antibodies that neutralized the virus in eight patients. During the early human testing run by the company, it said that the vaccine appears to produce an immune response in people similar to that of those who get the virus but make a full recovery.

The company said that it will now press on with larger trials and continue collecting data.

Equities In Demand

Traders have responded positively to the news, fuelling hopes of a forthcoming vaccine. This saw equities having their best day yesterday since the pandemic began.

While the vaccine is still in early stages it is nevertheless an encouraging sign. It comes at a crucial moment a...

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