Foreign Exchange Solutions

Friday February 28th, 2020

Fears of a coronavirus pandemic and the potential ensuing impact on the global economy saw investors dump risker assets, causing equity markets to tumble. Asian & trade-related currencies sold off, as well as US$, with investors switching to JPY, CHF and Euro. Concern that the FED will cut rates...
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Thursday February 27th, 2020

The growing spread of the coronavirus outside of China and the fear of a pandemic is impacting equity, commodity and currency markets alike. Equity and commodity markets have fallen significantly, causing central banks to consider cutting interest rates in an attempt to stem a possible global econom...
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Wednesday February 26th, 2020

A stark warning from the US that a Coronavirus pandemic is inevitable causing global equity markets to tumble. Current virus cases stand at +81,100, with 2765 deaths of which 16 are in Iran and S.Korea reported 284 new cases bringing its total to 1,261. US$ recovered from it’s 2 week low as in...
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Tuesday February 25th, 2020

Increasing global economic concerns from the Coronavirus saw US & European equities suffer their worst declines since mid-2016 on Monday. US$ gave up some ground to the major currencies as speculation grows that the US Fed could cut interest rates. A Fed cut would be preventative to curb the dow...
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Monday February 24th, 2020

Safe-haven US$ remains the currency of choice as Coronavirus cases continue to rise outside of China. South Korea reporting over +600 cases and Italy at +150, with both countries adopting similar lock-down strategies. Current virus cases reach almost 79k with almost 2,500 deaths, with 4 reported in ...
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Friday February 21st, 2020

Coronavirus worries continues to put increased pressure on Asian currencies with CNY slipping close to 10 week lows vs US$. JPY traditionally a safe-haven currency has come under-pressure as investors demand focuses on US$. So far in 2020 JPY has weakened almost 3%, SGD 4%, Thai Baht 5% all on Coron...
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Thursday February 20th, 2020

The growing economic risk concerns related to the Coronavirus is impacting all currencies, leaving just the US$ as the safe-haven currency of choice. Non-US$ currency sell off continues with Aud nears 11 year lows, JPY is heading towards 1 year lows and NOK near two decade lows. Across the board Asi...
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Wednesday February 19th, 2020

Mixed signals within the markets as oil prices firm on the slowing number of new Coronavirus cases. Whereas currency markets weakened on fears for the economic impact from the virus. The number of Coronavirus cases stands at +75k with deaths from the virus at over 2,000. Chinese CNY hit a 2-week low...
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Monday February 18th, 2020

Coronavirus (COVID-19) developments continue to dominate investors focus as concerns rise over the longterm impact of the virus on businesses globally. The number of virus cases has reached +73k with almost 1,900 deaths reported. The impact from the virus is being felt by global companies such as Ap...
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Friday February 14th, 2020

It has been a volatile week for global currencies with conflicting virus news causing currency volatility. Reports that a number of factories have returned to work within China has brought some calm to the markets. AUD, NZD, Yuan and other Asian currencies reported their first positive weekly gains...
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