Daily Market Commentary

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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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Thursday February 13th, 2020

The coronavirus optimistic tone reversed as China reported a record rise in deaths and thousands of new cases under a new diagnostic method. New Coronavirus cases jumped 14k, bringing the total to over 60k and the new of deaths grew by 242 to 1,350 worldwide. US$, Yen and Chf rebounded as investors ...
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Wednesday February 12th, 2020

China reported its slowest daily growth of coronavirus infections in almost two weeks. The news raised hopes that the outbreak may be peaking and the damaged to the economy may be fleeting. Asian and export-oriented currencies such as NOK and SEK have rebounded slightly on the optimism news. US$ rem...
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Tuesday February 11th, 2020

Coronavirus developments continue to dominate market sentiments as WHO chief sees “very grave threat” to world. Chinese experts says that the Coronavirus may peak soon, as the number of new cases fell for a 2nd time. The longer term economic impact remains unclear as a number of Chinese ...
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Monday February 10th, 2020

The coronavirus remains a primary focus for investors concerned about the economic impact on China, as well as transportation and tourism within Asia/globally. There have been more than 40,000 cases of the coronavirus globally, mostly in China. The total number of deaths is now 910, surpassing that ...
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Friday February 7th, 2020

The US$ remains the dominant currency of choice for investors who are finding support from strong US economic data and a safe-haven for the coronavirus fears. The coronavirus death toll reached almost 640 and confirmed cases continues to grow hitting almost 31,500. The number of cases across Asian i...
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Thursday February 6th, 2020

A positive start to the markets as China halves extra traffic’s on over 1,700 US products, as a means to boost confidence amid virus concerns.  The reduction of tariffs caused Yuan and other trade related currencies to strengthen on the announcement. The coronavirus remains the markets primar...
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Wednesday February 5th, 2020

The Coronavirus continues to dominate headlines, but reports of a breakthrough in finding a vaccine has helped calm investor fears. Nevertheless with almost 500 deaths reported and 25,000 cases reported, the China virus will continue to have an impact on the global economy. Investor sentiment remain...
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Tuesday February 4th, 2020

The coronavirus continues to be the main focus for markets and a is primary concern for China’s growth in 2020. The number of confirmed virus cases jumped 18% yesterday to almost 20,500, across 25+ countries, with over 425 deaths in China and a 2nd death outside of China. Despite the growing n...
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Monday February 3rd, 2020

The coronavirus continues to dominate the headlines with 17,000+ confirmed cases and 361 reported deaths from the virus. The run to safe-haven currencies has stalled with both Yen & Chf retreating from multi-week highs. Chinese tourism related currencies Aud & Nzd both fell vs US$ approximat...
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