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3 May 2021

EU proposes to ease restrictions on non-essential travel for those who have been vaccinated

The European Commission proposed that Member States ease the current restrictions on non-essential travel into the block for those who have been vaccinated. The travel ban has been in place for over a year amid the continuous surge in COVID-19 cases.

The announcement raised prospects for the gradual reopening of the economic activity, which should boost the region's growth in the near term. This, in turn, provided a modest lift to the shared currency and pushed the EUR/USD pair to fresh session tops, beyond mid-1.2000s.

May 3, 2021

NZD/USD struggles for direction, holds steady above mid-0.7100s

The NZD/USD pair remained on the defensive through the early European session and was last seen hovering near daily lows, just above mid-0.7100s. The
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May 3, 2021

AUD/USD consolidated in a range above 0.7700 mark, US PMI/Powell's speech eyed

The AUD/USD pair held on to its modest gains through the first half of the European session and was last seen hovering near the top end of its intrada
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