Items filtered by date: January 2020

Friday, 31 January 2020 23:51

Dollar Loses Ground Against Rivals

The U.S. dollar weakened against major currencies on Friday, amid mounting concerns about the impact of the coronavirus outbreak on the global economy, and a mixed batch of economic data. The Chinese National Health Commission said that 213 people have died from the coronavirus, while the number of confirmed cases has risen to more than 9,800. The U.K. and Russia have also confirmed their first cases of coronavirus infection, triggering fears about the economic impact of the disease.
Published in FOREX NEWS
Crude oil futures drifted lower on Friday, weighed down by growing concerns about outlook for energy demand due to the rapidly spreading coronavirus' potential impact on the global economy. Oil prices edged higher earlier in the session after the World Health Organization declared an international health emergency with the novel coronavirus outbreak in China, but did not recommend travel restrictions, saying there was no reason for measures that affect international travel and trade.
Published in FOREX NEWS
Extending the upward trend seen over the past several sessions, treasuries moved to the upside during trading on Friday. Bond prices saw further upside late in the trading day, reaching new highs for the session. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, fell by 3.8 basis points to 1.520 percent. With the continued decrease on the day, the ten-year yield slumped to its lowest closing level in nearly four months.
Published in FOREX NEWS
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