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South Korean Won Flat As Central Bank Cuts Interest Rates to Record Low

The South Korean won is trading flat against its currency rivals on Thursday as investors weigh the central bank’s decision to cut interest rates to an all-time low. Policymakers warned that the economic fallout from the coronavirus pandemic would be worse for South Korea than the global financial crisis a decade ago. But while it looks like Seoul has the public health crisis under control, officials have been […]

Euro Falls on Risk-Off Market Sentiment Amid Global Recession Fears

The euro today fell against the US dollar driven by the risk-off market sentiment dominated by fears of a looming global recession in the aftermath of the COVID-19 pandemic. The EUR/USD currency pair extended yesterday’s decline that was triggered by the Fed Chair Jerome Powell’s dismissal of negative interest rates in the US.

Mexican Peso Falls 1% on Surprise Interest Rate Cut, Bearish Outlook

The Mexican peso is falling against the US dollar and other G10 currency competitors on Tuesday after the central bank surprised financial markets and cut interest rates. The peso weakened even further as officials are sounding the alarm about a significant crash in Latin America’s second-largest economy.

Swiss Franc Extends Fall Against US Dollar on SNB Interventions

The Swiss franc is slumping on Tuesday as the central bank continues to intervene in foreign exchange markets and control the value of the currency. Despite being a conventional safe-haven asset for global investors, the franc’s appeal might diminish as the nation potentially slips into a recession.

Japanese Yen Jumps on Safe-Haven Demand, Capped by Poor Data

The Japanese yen is strengthening against a handful of currency rivals on Thursday as investors pour into safe-haven assets amid the coronavirus outbreak. Japan, which has experienced an uptick in Covid-19 cases, reported disappointing manufacturing and non-manufacturing data that might force the country into a recession. The big test over the medium-term is if Tokyo will still be able to host the Summer Olympics, an event that was expected to stimulate the world’s […]

Japanese Yen Rebounds Despite Heightened Recession Fears

The Japanese yen is rebounding on Tuesday after the safe-haven currency struggled to hold ground to kick off the trading week due to a disappointing gross domestic product reading. The yen’s jump, despite heightened recession fears, is being driven by decent industrial production in December. All eyes will now be on January trade data and machinery orders in December.

Japanese Yen Falls on Mixed Leading Economic Indexes, IMF Forecast

The Japanese yen is falling against some of its major currency rivals to kick off the trading week. Key economic indexes drove the yen’s slide, which comes days after disappointing factory activity data. Since the federal government is expected to unleash stimulus measures, can Tokyo turn the ship around and prevent slipping into a recession?

US Dollar Rises As Investors See Progress in China Trade Talks

The US dollar is rising at the end of the trading week, driven by investors witnessing progress in the latest principal-level US-China trade negotiations. Markets do not expect that a comprehensive trade agreement, but investors think that both sides are open to a mini-deal that would pause the trade war. This would provide markets with some relief and certainty entering into 2020.

Euro Falls on Weak Eurozone PMIs, Recovers After US Services PMI Disappoints

The euro today fell to its daily lows early in the European session amid a flurry of disappointing services PMI releases from across the euro area by IHS Markit. The EUR/USD currency pair late recovered and rallied to its daily highs after the US ISM non-manufacturing PMI fell to multi-year lows.

Euro Mixed As Eurozone Data Disappoints Investors

The euro is trading mixed against a basket of currencies to start the trading week. With the latest economic data disappointing investors, the central bank, which announced a new edition of quantitative easing (QE) during last week’s policy meeting, is encouraging eurozone countries to start employing fiscal measures to sustain anemic growth. Can countries stimulate their economies out of a slump?

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