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Japanese Yen Flat-to-Higher as Coronavirus Continues to Spread

The Japanese yen was trading either flat or higher against its most-traded rivals today as the coronavirus pandemic continued to spread across the world, causing panic and expectations of a global economic recession.

NZ Dollar Sinks to New Multi-Year Lows Even After Decent GDP Report

The New Zealand dollar dropped to new multi-year lows against other most-traded currencies today. Losses were across the board as the kiwi was falling even against other vulnerable commodity currencies. Even the GDP report that came out in line with expectations was unable to help the New Zealand currency.

NZ Dollar Retreats After Short-Lived Rally

The New Zealand dollar fell today against other most-traded currencies, logging the fifth consecutive session of decline against its US counterpart. While the kiwi rose a bit yesterday after the government announced a stimulus package, the rally was short-lived as risk aversion dragged the currency down.

Risk Aversion, Better-than-Expected GDP Unable to Help Swiss Franc

The Swiss franc was surprisingly soft today even though the deadly coronavirus infection continued to spread across the globe, spooking investors and increasing demand for safe-haven assets. Positive macroeconomic reports released in Switzerland on Monday and Tuesday did little to help the currency. The Swissie was soft against almost all currencies, except for the Canadian dollar, which fell today despite rising prices for crude oil, and the US dollar, which collapsed after […]

Japanese Yen Continues to Profit from Coronavirus Fear

The Japanese yen gained against most of the other currencies today as coronavirus fears continued to drive investors to safer assets. The yen, being one of such assets, profited immensely from the demand for safety. Japan’s macroeconomic data released today was good but had a limited impact on the currency.

NZD Struggles to Bounce After Opening Lower on Coronavirus Panic

The New Zealand dollar opened sharply lower today as markets were in a panic mode as the coronavirus was spreading from China to other parts of the world. While the currency is trying to trim its losses, it is still trading far below Friday’s close. Mixed domestic macroeconomic data was not helping the kiwi.

US Dollar Forecast of February 3-7, 2020

The US dollar demonstrated a rather good performance in January thanks to the risk aversion caused by the Wuhan coronavirus. But what to expect from the greenback during the first week of February and what factors will be driving it?

Coronavirus Fears Make Swiss Franc Strongest on Forex Market

The Swiss franc was the strongest currency on the Forex market today, followed by the Japanese yen. Risk aversion was ruling markets as the coronavirus, which originated in China, continued to spread. Fears resulted in a rising demand for safe currencies, like the Swissie and the yen. Domestic economic data provided additional support for the currency of Switzerland.

Australian Macroeconomic Data Beats Expectations, Aussie Unimpressed

The Australian dollar fell against its most-traded rivals today despite the better-than-expected domestic macroeconomic data. The Aussie, as well as other commodity currencies, continued to be dragged down by fears of the coronavirus that has originated in China but is now spreading across the world.

Euro Breaks Below 1.10 on Mixed US Data and Risk-Off Sentiment

The euro today fell for the fourth consecutive session against the US dollar as the risk-off sentiment dominated the markets in the face of new coronavirus infections. The EUR/USD currency pair today broke below the critical 1.10 level despite European equities closing higher as investor risk aversion ebbed later in the session.

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