Chinese CNY and commodity currencies remain under selling pressure as the coronavirus cases spreads to ten countries. Fears of the spread of the China virus grows as infected cases rise to over 2,800 people, with more than 80 reported deaths. Safe have JPY has rallied over 1% since the outbreak and ...

Investor concerns for the coronavirus eased after China’s repaid response and WHO refraining from declaring a global emergency. Chinese CNY remains and AUD in particular remain under pressure, as the China virus continues to dominate headlines. With number of cases of coronavirus growing expec...

The Chinese coronavirus remains a primary focus for investors, with 600 people now infected and the city of Wuhan being locked down. Concerns that the virus could impact Chinese domestic growth has seen the CNY fall 1% since Monday. Investors continue to switch into Yen and other safe-haven currenci...

Increased concerns over the outbreak of the new Coronavirus in China caused a shift-back towards safe-haven/risk adverse currencies. Yen and US$ both firmed against the major currencies as the number of confirmed coronavirus cases rise to 440. Intraday markets will focus on any fresh comments from D...

Chinese CNY weakened almost 1% vs US$ on growing travel/tourism concerns linked to the spread of the pneumonia-like virus in China. Growing concerns over the virus caused AUD & NZD to weaken alongside the CNY and caused JPY to rally. The US$ is steady vs the major currencies, remaining near its ...

After last weeks strong US economic data releases and signing of the phase one trade agreement, the US$ continues to strengthen. US$ hit a fresh one month highs vs the major currencies and Chinese CNY extended to a 6 month high. Expect markets to be relatively range bound today as the US markets are...

China’s economy grew at 6.1% in 2019, its slowest expansion in 29 years. Positive December Chinese industrial output also released jumped 6.9% annually providing positive encouragement for 2020. Chinese CNY vs US$ hit a fresh 6 month high on the Industrial output data. Safe-haven currencies r...

The markets have had a muted response to the signing of the phase one trade agreement yesterday. The phase one agreement is the first marker to the ending of the Sino/US trade war. A significant number of US tariffs remain in place and soon the markets will be focusing on the phase two agreement. Tr...

Currency markets stalled within tight ranges as they await the signing of the Phase One trade agreement. China is committed to buy at least $200 bin in US exports over two years including Manufactured goods ($80bln), Energy ($53bln), Agriculture ($32bln) and Services ($35bln). Signing of the agreeme...