Pound Rises as Vaccine Progress, Brexit Optimism Bolster Outlook

November 23, 2020 at 10:45AM

Pound Rises as Vaccine Progress, Brexit Optimism Bolster Outlook

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Author: Bloomberg | Post link: https://www.investing.com/news/forex-news/pound-rises-as-vaccine-progress-brexit-optimism-bolster-outlook-2353916
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The Japanese Yen (JPY) builds on the previous day's strong move up against a broadly weaker US Dollar (USD) and gains some follow-through positive traction for the second straight day on Thursday.

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The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a negative note near 98.55 during the Asian trading hours on Thursday.

Japan’s Kihara says closely watching impact of US financial conditions after Fed rate cut 11 December 2025

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The USD/CAD pair enters a bearish consolidation phase during the Asian session on Thursday and oscillates in a narrow band, just below the 1.3800 mark, or its lowest level since October 22.

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The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Thursday at 7.0686 compared to the previous day's fix of 7.0753.

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The AUD/USD pair drifts lower during the Asian session on Thursday and erodes a part of the previous day's strong gains to its highest level since September 17.

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Australia’s Unemployment Rate steadied at 4.3% in November, according to the official data released by the Australian Bureau of Statistics (ABS) on Thursday. The figure came in below the market consensus of 4.4%.

Australia Part-Time Employment up to 35.2K in November from previous -13.1K 11 December 2025

Australia Part-Time Employment up to 35.2K in November from previous -13.1K

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The NZD/USD pair holds steady above the 0.5800 mark, close to an over two-month high touched the previous day, during the Asian session. Moreover, the fundamental backdrop favors bullish traders and suggests that the path of least resistance for spot prices remains to the upside.

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Australia Employment Change s.a. below forecasts (20K) in November: Actual (-21.3K) 11 December 2025

Australia Employment Change s.a. below forecasts (20K) in November: Actual (-21.3K)

Australia Unemployment Rate s.a. registered at 4.3%, below expectations (4.4%) in November 11 December 2025

Australia Unemployment Rate s.a. registered at 4.3%, below expectations (4.4%) in November

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November 23, 2020 at 10:45AM

Pound Rises as Vaccine Progress, Brexit Optimism Bolster Outlook

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