Market sentiment in the European session is seen still in favor of most major currencies to remain positively traded as we head to the close of trading this week.
The Aussie dollar is still maintaining its gains amid improving sentiment following reports that Chinese company Evergrande has begun to gradually pay off its debts.
The news of Evergrande has sparked a positive impression that it will be able to avoid a collapse that is feared to have a major impact on the global market.
In addition, it is also supported by the rising prospects for the country’s recovery after the coronavirus blockade of Australia’s second largest city, Melbourne will be reopened.
The greenback dollar continued to decline with the dollar index trading at around 93.62. Investors ’focus is now focused on the publication of US manufacturing and services PMI data in the New York session.
Despite the decline, the rise in high US bond yields still supported greenback dollar trading from falling lower.
On the other hand, the Canadian dollar traded stable after world crude oil prices again showed gains in the European session following the fall recorded in the previous session.
