Free Trial

The focus remained with the coronavirus.......>

FOREX
FOREX: The focus remained with the coronavirus outbreak and supportive policies
taken by China. The country's pledge to unleash additional fiscal stimulus &
curb unnecessary spending, relaxed financing terms for companies hit by the
virus, as well as upbeat comments from a Wuhan hospital head mildly supported
risk appetite in early trade. On the downside, flash GDP figures out of Japan
were pretty underwhelming, while Singapore, Thailand, and New Zealand lowered
their target growth ranges for this year citing the impact of Covid-19.
- NZD didn't like domestic growth outlook downgrade suggested by NZ PM Ardern.
The currency underperformed its G10 peers, while AUD topped the pile. G10
crosses respected familiar ranges amid a market closure in the U.S. Canada also
observes a public holiday. The yuan broke above Friday's highs vs. USD. 
- Comments from ECB's Lane take focus from here.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.