The US Dollar gaining broad strength helped to send the Japanese Yen to a 10-month trough during London trade on Thursday. News from Japan that the economy is in recession is also keeping the currency under pressure, as is a general improvement in global risk appetite. Earlier in the week, […]
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Japanese Government Paying Attention to Coronavirus Outbreak – 20 February 2020
The Japanese Cabinet Office recently released its monthly economic assessment. In the report, they claim that the economy was recovering at a moderate pace. “An increased weakness centered on manufacturers remains intact amid continued softness in exports,” they stated in their report, adding that the virus outbreak is the biggest […]
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Dollar, Gold Higher on Asian News – 20 February 2020
Despite continued optimism about the containment of the coronavirus and a decreasing number of new daily diagnoses, gold prices rallied further on Wednesday and hovered near 7-year highs. Gold futures were up 0.012 percent as of 2:09 p.m. HK/SIN, to $1,612 per ounce. If prices close above $1,606.20 per ounce, […]