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The dollar is standing firm
FOREX The dollar is standing firm following Jerome Powell’s remarks on the impact of the coronavirus on the global economy’s growth prospects. The Chairman of the Federal Reserve acknowledged the potential spread of the disruption happening in China to the rest of the world, but didn’t mention any change in the central bank’s outlook for[…]
Oil is building an interesting support
FOREX The US dollar is enjoying its 7th consecutive session of gains against a basket of other major currencies, with the Dollar Index comfortably above 98.7, the highest it has been since October 2019. The greenback’s gains reflect, to some extent, the consolidation of the American currency as a safe haven in the eyes of traders[…]
The yuan gained more than 0.25%
FOREX The yuan gained more than 0.25% to the US dollar, following the publication of positive Chinese inflation data and the return to work of millions of workers. The Lunar New Year holiday was extended in an effort to halt the spread of the coronavirus, which had a big economic impact in China, so it’s[…]