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Euro rose in European trade for another session against dollar as risk appetite improves in the markets.    EUR/USD rose 0.2% to 1.1914, the highest since November 8, after closing up 0.4% yesterday, the largest profit in three weeks as political tensions in the US fade over the election results.    The dollar index fell 0.2% on Wednesday, on track to touch a 12-week trough at 92.01.   Dollar's decline comes as haven demand tumbles on the greenback with sentiment improving in the US and stocks hit fresh record highs.    A string of positive development news for the Covid 19 vaccines bolstered the markets, with hopes for approving and launching the vaccines before the year end.    Outgoing president Donald Trump has formally agreed to start the transition process for President Elect Joe Biden, paving the way for Biden to take control on January 20.

USD/JPY tilted higher in Asian trade ahead of some US data and the Federal Reserve's minutes for the November meeting and following data from Japan.   As of 06:53 GMT, USD/JPY rose 0.03% to 104.47, with an intraday high at 104.60.    Earlier Japanese data showed the services prices index down 0.6%, compared to a 1.4% increase in September, while core prices remained at zero.    From the US, GDP growth is expected up 33.1% in the second quarter, compared to a 31.7% tumble in the first, while GDP prices are expected up 3.6%.    US unemployment claims for the week ending November 21 are estimated down 10 thousand to 732 thousand, while continuing claims for the week ending November 14 are expected down 352K to 6.02 million.   US durable goods order are expected up 1% in October, compared to a 1.9% increase in September.    US goods trade deficit is expected up to $80.2 billion from $79.4 billion in September.   US personal spending is expected up 0.4%, slowing down from 1.4%, while personal income is expected unchanged, compared to a 0.9% increase in September.    The General Services Administration in the US just announced Joe Biden's win in the 2020 presidential elections, succeeding Trump as the 46th president of the US.    Biden intends to choose former Fed Chair Janet Yellen as his Treasury Secretary, becoming the first woman to do this role.

The American Petroleum Institute reported today in preliminary data that the US crude inventories rose 3.8 million barrels during the past week, missing forecasts of a rise by 100,000 barrels.   Gasoline stocks rose 1.3 million barrels, while the distillate stocks fell 1.8 million barrels.   While the Energy Information Administration will release its official report on Wednesday, which affects price movements.

The US dollar fell against most of its rivals on Tuesday, after the release of weak economic data, while investors shifted to stocks.   Stock markets were lifted after President Donald Trump gave the green light for the transition of power to the president-elect Joe Biden's team, which is considered as a main step in Trump's official conceding of the election.   The state of Pennsylvania declared Biden the winner in the votes recount, which increased the president-elect's lead over Trump.   The Conference Board's consumer confidence index fell to 96.1 points in November vs. 101.4 points in October, missing forecasts of 97.7 points.   The dollar index fell against a basket of currencies by 0.3% to 92.2 points as of 19:49 GMT, after it hit a high of 92.5 and a low of 92.1.

The Canadian dollar rose on Tuesday, amid optimism about Covid-19 vaccines and a smooth transition of power in the US.   The outgoing US President Donald Trump gave the green light for the transition of power to the president-elect Joe Biden's team, which is considered as a main step in Trump's official conceding of the election.   The state of Pennsylvania declared Biden the winner in the votes recount, which increased the president-elect's lead over Trump.   AstraZeneca said that its vaccine, developed in collaboration with the University of Oxford, reached up to 90% efficacy in preventing Covid-19, and added that it will be able to provide 200 million doses of the vaccine by the end of this year.   As of 19:24 GMT, CAD/USD rose 0.5% to 0.7681, after hitting a high of 0.7689, and a low of 0.7639.

Consumer confidence in the US dropped this month following the record and widespread spike in Covid-19 infections.   The Conference Board's survey showed that the US consumer confidence fell to 96.1 points in November vs. 101.4 points in October, missing forecasts of 97.7 point

The US dollar fell on Tuesday, resuming its losses after taking a pause for two days, and dropped near a 12-week low once again, amid a strong market sentiment as the transition of power started in the US after the US Services Administration declared officially Joe Biden as the winner of the presidential election.   The dollar index fell 0.4% to 92.14 points, after opening at 92.52, and hit an intraday high of 92.53.   The index gained 0.8% yesterday, and posted its second straight daily gain, within recovery attempts from a 12-week low of 92.01 points.   The US General Services Administration officially announced that Democratic candidate Joe Biden has won the 2020 US presidential election, becoming the 46 US president and succeeding Republican President Donald Trump, whose term ends on January 20, 2021.   President Donald Trump on Monday gave the green light for the transition of power to the president-elect Joe Biden's team, and ordered his current team to cooperate with the new administration, which is considered as Trump's official conceding of the election, despite his comments of continuing the legal fight on the results.   John Biden is planning on appointing former Federal Reserve Chair Janet Yellen as Secretary of the US Treasury, which boosts odds for further fiscal and monetary stimulus to support the US economy amid the coronavirus crisis.   The Russian authorities announced on Tuesday that the Sputnik-V vaccine is 95% effective in preventing Covid-19, according to the results from the final phase of clinical trials.   The British pharmaceutical giant AstraZeneca announced on Monday that its vaccine, developed in collaboration with the University of Oxford, was about 70% effective in preventing Covid-19.

Euro tilted higher in Asian trade against dollar away from July 24 lows, ahead of a batch of data from the euro zone and the US.    As of 06:31 GMT, EUR/USD rose 0.09% to 1.1852, with an intraday high at 1.1855.    From Germany, the final reading for GDP estimates a 8.2% growth rate, compared to a 9.7% contraction in the second quarter.    From the US, house prices are expected up 0.8% in September, slowing down from 1.5%.    US Richmond manufacturing index is expected down to 20 from 29, while the consumer confidence index is expected down as well to 97.7 from 100.9.    The General Services Administration in the US just announced Joe Biden's win in the 2020 presidential elections, succeeding Trump as the 46th president of the US.    Biden intends to choose former Fed Chair Janet Yellen as his Treasury Secretary, becoming the first woman to do this role.    The World Health Organization has so far reported 58.43 million global cases of Covid 19 with the death toll at 1.385 million.

USD/JPY tilted lower in Asian trade off October 20 highs ahead of US data today and amid a lack thereof from Japan.    As of 06:58 GMT, USD/JPY fell 0.13% to 104.38, with an intraday low at 104.35.    From the US, house prices are expected up 0.8% in September, slowing down from 1.5%.    US Richmond manufacturing index is expected down to 20 from 29, while the consumer confidence index is expected down as well to 97.7 from 100.9.    The General Services Administration in the US just announced Joe Biden's win in the 2020 presidential elections, succeeding Trump as the 46th president of the US.    Biden intends to choose former Fed Chair Janet Yellen as his Treasury Secretary, becoming the first woman to do this role.    The World Health Organization has so far reported 58.43 million global cases of Covid 19 with the death toll at 1.385 million.

The British pound rose against the US dollar on Monday, following the release of strong economic data in the UK.   Data showed Britain's services PMI rose to 45.8 in October, beating analyst's forecasts of 43.2 points.   The manufacturing PMI rose to 55.2 points in October, also better than analyst's forecasts of 50.5 points.   British Prime Minister Boris Johnson stated that his government is preparing to ease the Covid-19 lockdown restrictions due to the upcoming Christmas celebrations, as the French government prepares to take the same step.   AstraZeneca said that its vaccine, developed in collaboration with the University of Oxford, may reach 90% efficacy in preventing Covid-19.   As of 21:13 GMT, GBP/USD rose 0.3% to 1.3319, after the pair hit a high of 1.3398 and a low of 1.3265.

The US dollar rose on Monday, erasing its early losses, following the release of positive economic data and news about AstraZeneca's Covid vaccine.   The US manufacturing PMI rose to 56.7 points in October from 53.4 points in September.   The US services PMI rose to 57.7 in October, beating analyst's forecasts of 55.8 points.   AstraZeneca said that its vaccine, developed in collaboration with the University of Oxford, may reach 90% efficacy in preventing Covid-19.   The British firm added that it will be able to provide 200 million doses of the vaccine by the end of this year.   The dollar index rose against a basket of currencies by 0.1% to 92.5 points as of 18:31 GMT, after it hit a high of 92.8 and a low of 92.02.

The Australian dollar fell against most of the major currencies during trading on Monday, despite positive news about Covid-19 vaccines.   AstraZeneca said that its vaccine, developed in collaboration with the University of Oxford, may reach 90% efficacy in preventing Covid-19.   AstraZeneca added that it will be able to provide 200 million doses of the vaccine by the end of this year.   This comes after Pfizer announced last week that its vaccine was effective by 95%, and Moderna's vaccine reached 94.5%.   Otherwise, Australia's manufacturing PMI rose to 56.1 points in October from 54.2 in September, and the services PMI rose to 54.9 from 53.7.   As of 17:05 GMT, AUD/USD fell 0.4% to 0.7275, after hitting a high of 0.7338 and a low of 0.7265.

The US dollar fell on Monday to its 12-week low, resuming its losses after taking a pause on Friday, due to a strong market sentiment following successive positive news about the coronavirus vaccines, and ahead of the release of major US data for November, which are key indicators of the economic impact of the second Covid-19 wave.   The dollar index fell 0.4% to the lowest level since September 1st at 92.02 points, after opening at 92.39, and hit an intraday high of 92.39.   The index gained 0.8% on Friday, in its first daily gain in 6 days, and took a pause from a broad losing streak.   The greenback also lost 0.4% during the past week, in its second weekly loss in 3, due to the weak demand following successive positive news about the Covid-19 vaccines.   The British pharmaceutical giant AstraZeneca said on Monday that its vaccine, developed in collaboration with the University of Oxford, was about 70% effective in preventing Covid-19, after an interim analysis of clinical trials third phase.   A top official in the US government virus vaccine effort said on Sunday that health care advisors have recommended that the first Covid-19 vaccines can begin to be used within a day or two after the regulators' approval next month.   The US Food and Drug Administration (FDA) will grant the approval in mid-December to distribute the vaccine produced by Pfizer and BionTech, which will be the largest vaccination campaign in US history.   The US Treasury Secretary Steven Mnuchin calmed markets on Friday that the Federal Reserve and Treasury Department have many tools to support the economy, after a decision to suspend several federal lending and aid programs by the end of this year.   Investors awaited the release of major data on the performance of the US manufacturing and services sectors during November, which are key indicators of the economic impact of the second Covid-19 wave.   At 14:45 GMT, the flash manufacturing PMI reading is expected to reach 52.5 points in November from 53.4 in October, and the flash services PMI is expected to reach 55.8 from 56.9.

Sterling rose in European trade for another session against dollar to 2-1/5 month highs as UK-EU trade talks inch closer to a final deal.   GBP/USD rose 0.6% to 1.3368, the highest since September 2, after closing Friday up 0.2% on improving risk appetite.    The pound rose 0.7% last week, the third weekly profit in a row following positive news on the EU-UK trade talks front.    The Sunday Times reported that negotiators are hopeful for inking a deal very soon.    Investors also await a batch of UK data to measure the continuous damage wrought by the coronavirus pandemic on the economy.

USD/JPY tilted lower in Asian trade off October 20 highs for the seventh session out of nine, amid a lack of data from Japan for a holiday and ahead of US data.    As of 06:57 GMT, USD/JPY slipped 0.12% to 103.74, with an intraday low at 103.72.    From the US, the manufacturing PMI is expected down to 52.5 from 53.4, while the services PMI is estimated down to 55.8 from 56.9 in October.

Euro tilted higher in Asian trade off July 24 lows against dollar ahead of a batch of euro zone and US data later today.    As of 06:36 GMT, EUR/USD rose 0.14% to 1.1873, with a session-high at 1.1878.    Investors await manufacturing and services data for France, Germany, and the whole euro zone in a few minutes.    From the US, the manufacturing PMI is expected down to 52.5 from 53.4, while the services PMI is estimated down to 55.8 from 56.9 in October.

USD/JPY tilted lower in Asian trade off October 20 highs amid a lack of data from Japan and ahead of some US data.    As of 06:59 GMT, USD/JPY fell 0.05% to 103.77, with an intraday low at 103.72.    From the US, unemployment claims for the week ending November 13 are expected down two thousand to 707 thousand, while the Philly manufacturing index is expected down to 22 from 32.3.    US existing home sales are expected down 1.2% to 6.45 million units, while the CB leading index is expected up 0.7%.

EUR/USD tilted lower in Asian trade off November 9 highs ahead of a batch of data from the euro zone and the US, and a speech by ECB President Christine Lagarde.    As of 06:45 GMT, EUR/USD fell 0.05% to 1.1848, with an intraday low at 1.1832.    From the euro zone, the current account surplus is expected down to 18.1 billion euros from 19.9 billion in August.    ECB President Lagarde is due to testify before the Committee on Economic and Monetary Affairs (ECON) of the European Parliament, via satellite.   From the US, unemployment claims for the week ending November 13 are expected down two thousand to 707 thousand, while the Philly manufacturing index is expected down to 22 from 32.3.    US existing home sales are expected down 1.2% to 6.45 million units, while the CB leading index is expected up 0.7%.

Pfizer shares rose on Wednesday after the company's announced the clinical trial results of its Covid-19 vaccine.   The American company and the German firm BioNTech announced on Wednesday that the recent data from the final phase of the clinical trials on their Covid-19 vaccine showed it was 95% effective.   While Moderna announced on Monday that its coronavirus vaccine was more than 94.5% effective in preventing the disease.   However, analysts believe that there is still a long way to go before the vaccine reaches everyone and eliminates the pandemic, especially as the number of infections keeps rising.   This comes at a time when the world is counting on a safe and effective vaccine to eliminate the coronavirus pandemic in order to help in returning to the economic recovery path.   Pfizer's share rose 0.7% to close at $36.3, after it hit a day high of $37.4 and a low of $36.3.

US stock indices fell on Wednesday, erasing early gains, as anxiety continued over the escalating coronavirus crisis.   Wall Street was lifted earlier after the American company Pfizer and the German firm BioNTech announced on Wednesday that the recent data from the final phase of the clinical trials on their Covid-19 vaccine showed it was 95% effective.   However, analysts believe that there is still a long way to go before the vaccine reaches everyone and eliminates the pandemic, especially as the number of infections keeps rising.   The US building permits index reached 1.55 million in October, lower than estimates of 1.57 million, while the housing starts index rose to 1.53 million units in October, beating forecasts of 1.45 million.   Federal Reserve Chairman Jerome Powell yesterday renewed his calls to the US Congress to pass an additional fiscal stimulus bill to support the economy.   To the oil market, WTI crude December futures rose 0.9% or 39 cents, and closed at $41.82 a barrel, after hitting a day high of $42.4 and a low of $41.08.   Brent January futures rose 1.3% or 58 cents, and closed at $44.33 a barrel, after hitting a high of $44.8 and a low of $43.4.   As for stocks, Dow Jones fell 1.2% or 345 points, and closed at 29,438, after hitting a day high of 29,930, and a low of 29,432.   Nasdaq fell 0.8% or 97 points to 11,801, with a high of 11,942 and a low of 11,799.   S&P 500 fell 1.2% or 41 points to 3,567, after hitting a high of 3,619 and a low of 3,567.