Concerns over the growing death toll in China from the Coronavirus have sent FX traders on the hunt for safe haven assets. That sent both the Swiss Franc and the Japanese Yen higher, while the Chinese Yuan hit a 1-month trough. Those worries also impacted trade-linked currencies including the Australian […]
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Oil Prices Drop on Inventory, Virus Concerns – 30 January 2020
*Analysts fear reduced demand of oil as virus death toll rises *U.S. oil inventories rose more than expected Oil prices were lower on Thursday afternoon in Asia as continuing cancellations of flights to and from China prompted traders to fear that demand would be dramatically reduced, especially if the cancellations […]