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NZD Strongest and AUD the Weakest Against the USD

NZD Strongest and AUD the Weakest Against the USD

Information is not investment advice

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Midday Market View

World stocks rallied on Monday on hopes for a coronavirus vaccine after Astra Zeneca resumed its phase-3 trial, but caution lingered before a host of central bank meetings this week.

Sterling, which has been hit by renewed Brexit turmoil, was on firmer ground before a vote on British Prime Minister Boris Johnson's plan to break international law by breaching parts of the Brexit divorce treaty with the European Union.

Midday Key Point

  • Eurozone March industrial production comes at 1% vs 4.2% m/m than expected
  • GBPUSD recovers some ground before key Commons vote

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