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Currencies Rally as Stocks Soar on Vaccine, Powell Optimism
Investors have a number of reasons to feel optimistic at the start of this new trading week and their positive sentiment is reflected in the strong moves in equities and currencies. First and foremost, Moderna Therapeutics, an American biotech company reported very positive early stage human trial coronavirus vaccine results. All 45 participants who received the vaccine produced COVID-19 antibodies. There’s nothing more valuable than a medical solution but Moderna admitted that if all goes well, it will be early 2021 when a vaccine is ready for the market. Also, scientists have said its not clear that antibodies ... (full story)
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