US Dollar Skyrockets on Vaccine, Election News

The US dollar traded sharply higher against all of the major currencies on Monday after Pfizer said their Covid-19 vaccine is 90% effective in preventing the virus. While Pfizer’s vaccine still needs to be submitted for FDA review and is complicated in implementation (it requires two doses and needs to be maintained in ultra cold temperatures), it confirms that biotech companies are moving in the right direction. With more than 200 coronavirus vaccines in development globally, a dozen in human clinical trials, five out of six vaccines in phase 3 trials, a viable vaccine is right around the corner. After Pfizer’s … (full story)

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