After several days of heavy losses against safe haven currencies, the US Dollar finally steadied in London trading. Nonetheless, analysts warn that the greenback’s risks remain elevated as the United States government attempts to mitigate the threatened fallout of the Coronavirus pandemic. The US President plans to hold a press […]
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Oil Prices Bounce After Monday’s Slaughter – 10 March 2020
Oil prices plummeted around 24 percent on Monday, the worst daily decline since 1991. But on Tuesday prices began to turn upwards; U.S. WTI futures climbed 7.87 percent as of 1:54 p.m. HK/SIN to $33.58 per barrel, and Brent crude futures were up 8.38 percent to $37.24 per barrel. Monday’s […]
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Coronavirus Forex Updates: March 10, 2020 – 10 March 2020
Updated March 10, 2020 The number of people infected with coronavirus surpassed 110,000 worldwide, with nearly 4,000 deaths globally. The number of new cases outside of China now far surpasses the number of new cases in China on a daily basis. After announcing a quarantine on approximately one quarter of […]