During London trade on Wednesday, the US Dollar moved away from the recently struck 2-week trough as FX traders’ expectations of an imminent Fed rate cut were reduced. The outbreak of the Coronavirus continues to weigh on sentiment, however, especially after the Centers for Disease Control in Atlanta warned that […]
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US & India Agree on “Promptly” Finishing Trade Negotiations – 26 February 2020
The White House recently stated that the US President Donald Trump and his Indian counterpart Narendra Modi have agreed on “promptly” finishing the current trade negotiations, which would end up with signing phase 1 of a bilateral trade agreement. “They agreed to promptly conclude the ongoing negotiations, which they hope […]
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Nikkei 225 Hits Four-Month Lows After Wall Street Decline – 26 February 2020
Japanese stocks fell to four-month lows on Wednesday after a devastating day on Wall Street which saw U.S. stock benchmarks falling steeply. The Nikkei 225 eased 0.79 percent as of 3:12 p.m. HK/SIN, prompted by trader concern that the global economic slowdown will persist into Q2 thanks to a spread […]
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Coronavirus Forex Updates: February 26, 2020 – 26 February 2020
Updated on February 26, 2020 U.S. stocks sold off strongly on Tuesday for the second consecutive day as traders remained fearful that the coronavirus would become a pandemic. Asian indexes were broadly lower on Wednesday, though without the severe losses seen on Wall Street. Several countries have started to ban […]