Financial stocks dragged London's FTSE 100 to a near one-month low on Tuesday after the index notched its strongest August in six years on optimism that the worst of the pandemic's economic damage was over.

UK100 H4 07 02 2020 1317

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The NZD/USD pair capitalized on the heavy selling pressure surrounding the greenback last week and gained more than 200 pips to post its highest weekly close since mid-July at 0.6742. In the absence of significant fundamental drivers at the start of the week, the pair seems to have gone into a consolidation phase and was last seen registering small daily losses at 0.6732.

NZD USD 20200813 13.50

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