The risk-sensitive AUD gains as US FDA reports 95% effectiveness of coronavirus vaccines. Democratic sweep in Georgia elections could pave the way for bigger fiscal stimulus, according to Goldman Sachs. AUD/USD is gaining ground with markets offering US dollars on positive coronavirus vaccine results and expectations for a Democrat-controlled US Senate and more significant fiscal stimulus. The pair is trading near 0.7680 at press time, representing a more than 0.25% gain on the day, having hit a low of 0.7642 on Monday. Positive vaccine news “Two different mRNA vaccines have now shown remarkable effectiveness of about 95% in preventing Covid-19 infection in adults,” the US Food and Drug Administration (FDA) said early today, adding that the talk of changes to the schedules of these vaccines is premature and not rooted solidly in the available evidence. FDA’s comments likely revived the dollar sell-off, which had stalled during Monday’s European trading hours. Goldman Sachs’ prediction of additional fiscal stimulus under a Democrat-controlled Senate could be weighing over the dollar. “We expect around $600 billion more on top of the recently enacted $900 billion,” analysts at Goldman Sachs said while taking note of encouraging signs for Democrats in the Senate runoffs. While the AUD/USD pair is drawing bids on Tuesday, it has only erased half of Monday’s decline and is yet to clear resistance around 0.7740. That level proved a tough nut to crack in the previous two trading days. Technical levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Cardano Price Prediction: ADA breaks out of critical pattern targeting a 90% move FX Street 1 year The risk-sensitive AUD gains as US FDA reports 95% effectiveness of coronavirus vaccines. Democratic sweep in Georgia elections could pave the way for bigger fiscal stimulus, according to Goldman Sachs. AUD/USD is gaining ground with markets offering US dollars on positive coronavirus vaccine results and expectations for a Democrat-controlled US Senate and more significant fiscal stimulus. The pair is trading near 0.7680 at press time, representing a more than 0.25% gain on the day, having hit a low of 0.7642 on Monday. Positive vaccine news "Two different mRNA vaccines have now shown remarkable effectiveness of about 95% in preventing Covid-19 infection… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.