The euro sunk to a 33-month trough against the Swiss franc on Tuesday as traders bought the safe-haven franc in droves due to fears about the coronavirus and how it will continue to impact the global markets. The EUR/CHF pair has historically been one of increased volatility during times of […]
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Pound Lower as Brexit Realization Weighs – 28 January 2020
The Pound Sterling was weaker against both the greenback and the Euro during London trade on Tuesday as Brexit worries resurfaced. Recent comments from Michel Barnier have led to more anxiety for FX traders. The Chief Negotiator for the European Union said that they would never compromise the integrity of […]
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Coronavirus Dominates Headlines, Markets – 28 January 2020
Just as global markets began to stabilize following the “phase 1” trade deal between the United States and China, things have taken a sharp turn to the downside thanks to the rising death toll of the coronavirus in China. All three Wall Street benchmarks closed sharply lower on Monday, marking […]