Trade idea from Mitsubishi UFJ
MUFG recommends selling EUR/AUD with a target of 1.5900 and a stop at 1.6700. The pair closed the week at 1.6333.
„We are recommending a short EUR/USD trade idea to reflect in part the recent divergence in the spread of COVID-19 which will have implications for relative economic performance going forward,“ analysts

A record daily raise in the number of newly confirmed COVID-19 cases for France.
Elsewhere in Europe:
A few updates … sheesh … not good news. 

The People’s Bank of China has cut the requirement to zero for some forward FX.
When a financial institution sells USD against yuan to clients some of these deals will be cut to a 0% reserve requirement, from 20% previously

Indices close near the highs for the day
Highlights for the day include

The final numbers are showing:

Forex 
news for North American trading on October 9, 2020.
Oh Canada!  The US
employment data was released last Friday, so Canada had all the
attention to itself today when they released their jobs report for the
month of September. The numbers did not disappoint. The net
change in employment rose by 378.2K vs. expectations of
150K.  Most of the job gains were in full-time employment with a
gain of 334K (vs. 205.8 K last

2- weeks after Super Spreader event
Pres. Trump is hosting an in-person „law and order“ event Saturday at the White House.   The meeting would be 2-weeks to the day from the so called „super spreader“ event to introduce Amy Coney Barrett as the SC nominee.  I would assume there would be a better social distance protocol,

Range is above the average range
The USDCHF as trended lower with the dollars move lower today. The range today has been an extended 75 pips. That is 21 pips above the average trading range seen over the last 22 trading days.

CFTC commitments of traders data for the week ending October 5, 2020
– EUR long 174K vs 188K long last week. Longs trimmed by 14K
– GBP short 11K vs 13k long last week. Shorts trimmed by 2K

Der Spiegel reports on the matter
In terms of actual developments, this isn’t anything too new as it mainly reaffirms the EU’s stance over the past week or so.

Forex news from the European trading session – 9 October 2020
Headlines:
Markets:
– NZD leads, USD lags on the day
– European equities a little higher; E-minis up 0.5%