Slight hints of risk aversion kicking in
The aussie has also pared gains against the greenback in a drop to 0.7050 from 0.7070-80 levels earlier, as European indices extend losses to a little over 1% right now:

The Spanish government recommends Madrid to extend lockdown restrictions to all parts of the region
Madrid just announced that they are raising the number of areas under lockdown to 45 from 37 moments ago, adding that about 1 million people in the region are reported to be in lockdown based on the latest restrictions.

Comments by Japan prime minister, Yoshihide Suga
here

Forex news from the European trading session – 24 September 2020
Headlines:
Markets:
– GBP leads, NZD lags on the day
– European equities mixed; E-minis down 0.1%

The pound is up in European morning trade
here
That still remains the key technical level to watch for now, with the pound also hoping to take comfort from UK finance minister, Rishi Sunak’s announcement on a wage support scheme – to help alleviate some pressure from the jobs market.

UK finance minister, Rishi Sunak, announces the new jobs support scheme
– As the economy reopens, it is fundamentally wrong to keep furlough scheme
– I cannot save every business, every job
As the furlough program comes to an end in October, these are the new measures introduced to try and support the labour market to prevent job

Latest data released by CBI – 24 September 2020
This is a bit unexpected, as UK retail sales growth came in at its fastest pace since April 2019 as the recovery in consumption activity continues into September. The readings here are an indicator of short-term trends in the retail and wholesale sector of the UK economy.

UK finance minister, Rishi Sunak, to speak later today
He will also be speaking in parliament later in the day as he will deliver a statement on the economy, which should encompass his plans on the new wage support scheme:

Latest data from the Mortgage Bankers Association for the week ending 18 September 2020
–  -2.5%
– Market index 808.5 vs 757.2 prior
– Purchase index 327.0 vs 316.2 prior
Mortgage activity continues to stay rather robust with the boost in the past week helped by both a surge in purchases and refinancing activity. Of note, the purchase index

S&P 500 futures seen up by ~0.5% now
For EUR/USD, keeping below 1.1700 will be the real challenge today for sellers in order to try and establish further downside momentum.