Latest data released by NFIB – 10 November 2020
Of note, a smaller share of firms are reporting stronger plans to hire in the coming months with the share of firms expecting economic sentiment to improve also dwindling.

EUR/USD falls below 1.1800 to a session low of 1.1780
The pair is slipping to fresh lows on the session as we see EUR/GBP also move lower to test 0.8900, past its 200-day moving average @ 0.8920. The euro is struggling to find some footing on the session now after holding above its 100-hour MA (red

As confirmed by the French prime minister’s department
There is now an estimated 1.6 million active cases and the real worry is that hospitalisations are steadily increasing, as have the number of deaths in recent weeks as well.

USD/JPY turns around a decline below 105.00 to move towards 105.40 now
The yen is back down to a session low as yields climb, helping to underpin USD/JPY to the highs for the day close to 105.40 currently. 10-year Treasury yields are up by over 2 bps to 0.94% after a nudge towards 0.95% moments ago.