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FDA Announcement Improves Sentiment
The US index closed above 93 for a second consecutive day.
Investors were buoyed by the news that the US has authorized plasma coronavirus treatment. The FDA had concluded the treatment was safe after reviewing 20 thousand trials.
US PMI figures and existing home sales both exceeded expectations. This has allowed the greenback to gain momentum on its main rivals.
On Monday, Trump was officially nominated as the Republican nominee. This comes as the Republican National Convention officially kicked off. As Joe Biden still holds a commanding lead in all major polls, Trump continues to defend his handling of the pandemic.
The USPS came under the spotlight again at the convention. The US President stated that mail-in ballots could lead to voter fraud.
Will main-in voting make this “the most corrupt election” in US history?
PMI Flows Keep Pressure on Euro
Euro closed 0.05% lower against the dollar on Monday. The pair ended the session below the...
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