Forex news from the European trading session – 15 July 2020
Headlines:
Markets:
– AUD leads, USD lags on the day
– European equities higher; E-minis up 1.3%

The greenback falls further ahead of North American trading
The boosted risk trades early on before the solidified the risk momentum and helped to give buyers an extra nudge in the past hour or so.

Latest data from the Mortgage Bankers Association for the week ending 10 July 2020
–  +2.2%
– Market index 815.5 vs 775.9 prior
– Purchase index 305.4 vs 325.2 prior
The rise in the prior week was largely due to a surge in refinancing activity as purchases eased a little after hitting its highest level since 2009. The jump

Comments by the Élysée office
I reckon we may see some compromise eventually, perhaps even by the end of the month. Kicking the can down the road sounds appealing for EU lawmakers, but maybe there’s too much at stake before the summer break.

ITV political editor, Robert Peston, reports on the matter
It is said that the vaccine is generating a kind of antibody and T-cell response that researches have hoped to see but the efficacy can only be properly established once Phase III of the programme i.e. testing in Brazil gets underway.