The US Dollar was struggling to regain traction during London trade on Monday as FX traders consider the growing possibility that the US Federal Reserve will need to take on an even more accommodative policy given the potential impacts to the economy from the Coronavirus. On Friday, the Chairman of […]
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BoJ Will Attempt to Aid Markets Against Coronavirus Effects – 02 March 2020
The Bank of Japan Governor Haruhiko Kuroda said that the Japanese Central Bank will attempt to aid the Japanese markets to stabilize, as they are currently being affected by the coronavirus epidemic. “The BOJ will monitor developments carefully, and strive to stabilize markets and offer sufficient liquidity via market operations […]
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Coronavirus Forex Updates: March 2, 2020 – 02 March 2020
Updated March 2, 2020: Though the death toll related to coronavirus cases in China remained fairly low over the weekend, new cases were reported in countries previously unaffected by the virus, widening concern that the containment efforts are failing. Among the new regions to report coronavirus infections are Indonesia with […]
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Gold Surges More Than 1 Percent as Asian Stocks Stabilize – 02 March 2020
Gold prices were broadly higher on Monday, spiking more than 1 percent as traders favored the safe haven asset on concerns that the coronavirus was spreading globally and could cause additional production shutdowns and business slowdowns. Gold futures were up 2.362 percent to $1,603.70 per ounce as of 2:36 p.m. […]