Market Talk
- The Japanese yen held onto gains against the dollar on Friday as renewed worries about the coronavirus outbreak supported demand for safe-haven currencies and weighed on prices of riskier assets.
Tag: USD/CHF
FX Commentary – Gold Up On Increased Coronavirus Cases And Deaths
Market Talk
- The U.S. dollar continued to rack up gains against its rivals on Wednesday as Federal Reserve Chairman Jerome Powell, in his second day of testimony to Congress continued to talk up the strength of the economy and suggested there was little reason for the Fed to cut rates as the economy remained in a good place.
FX Commentary – NZ Dollar Jumped On RBNZ’s Comments
Market Talk
- Asian currencies found support on Wednesday from a slowdown in the spread of coronavirus, but a strong dollar and caution about the rising death toll kept gains in check, while the New Zealand dollar jumped after the central bank dropped its easing bias.
FX Commentary – Risk Of Coronavirus Weighs On Market
Market Talk
- Growing concerns over an outbreak of a mysterious pneumonia-like virus in China, which had killed 9 and infected hundreds more, has impacted currency markets and pushed the Chinese yuan lower.
FX Commentary – Risk Of Coronavirus Weighs On Market
Market Talk
- The yen was supported while the yuan was on the back foot on Wednesday as investors tried to assess the risk of the outbreak of a new coronavirus in China disrupting the country’s economy and trade partners.