Asian Markets Lower, While COVID-19 Case Surge in Europe Affects EUR
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Asian stock markets closed mostly lower after the PBoC announced to keep interest rates unchanged at its November meeting.

The ASX 200 (-0.59%) following the prospect of further lockdown in the Eurozone and the rising in COVID-19 cases in the United States disrupted the economic recovery and the travel sector, as well as dampened investor sentiment in Asian markets.

The Nikkei 225 (-0.2%) eased following the recent surge of the Japanese Yen which disrupted the export sector.

Hang Seng (-0.38%) while Shanghai Composite (+0.65%) after PBoC maintained its monetary policy in the November meeting, with the 1-Year Prime Loan Rate at 3.85%and the 5-Year set at 4.65%.


Crude oil prices fell below the $ 76 a barrel level on Monday amid continued pressure from the prospect of adjusted reserves by major oil-consuming countries and concerns on demand amid the worsening COVID-19 situation in Europe.

Gold prices traded below $ 1,850 driven by recent comments from Fed officials signaling an increasingly Hawkish stance, giving strength to the U.S. dollar against gold.


The US dollar strengthened above 96.00 boosted by safe-haven status amid rising COVID-19 cases and re-implementation of restrictions in Europe.

The EUR declined amid a surge in the COVID-19 case and the prospect of further lockdown in Europe.

CAD received a blow from falling crude oil prices amid concerns about demand.