AUD/USD trades around 0.6420-30 levels after the drop earlier in the day The pair got a bit of a shove lower earlier in the after the a , as market participants looked past the lower-than-expected unemployment rate (largely due to a drop in the participation rate) and focused on the other details instead.
Blogs
Cable stays pressured as sellers stay in search of a clear break under 1.2200
GBP/USD continues to be pressured lower in trading today See here for global coronavirus case data The low for the day hit 1.2181 but for the most part in European trading so far, the pair has been hugging close to the 1.2200 handle as the dollar remains firm amid the softer risk mood in the […]
USD/JPY keeps lower on softer risk mood, but key near-term level limits downside
USD/JPY buyers find support from the 200-hour moving average for now See here for global coronavirus case data The dollar and yen are the two leading currencies on the day so far, but the yen is keeping ahead of the greenback as we see USD/JPY trade under 107.00.
Fed's Kaplan says need more fiscal stimulus
Robert Kaplan is president of the Federal Reserve Bank of Dallas – says (again) he believes the Us unemployment rate will be at 10% by the end of 2020 – need more fiscal stimulus to send it lower
Q: How long before Fed Chair Powell caves in and sends rates negative? A: Q1 2021
Market pricing continues to paint negative Federal Reserve rates beginning in 2021. Overnight, S&P (and other indices) cranked up the gains. As did gold.
Mexico's central bank cuts rates by 50 basis points to 5.5% from 6%
Cut is as expected See here for global coronavirus case data
Fed's Kashkari: V shape recovery is off the table
Minneapolis Fed Pres. Neel Kashkari See here for global coronavirus case data
Fed survey: 90% of workers who lost jobs were told they could return to their job
Fed survey the Federal Reserve is out with survey results. They say: See here for global coronavirus case data
BOC Poloz: Strong financial system will help Canada emerge in good shape
Poloz and Wilkins hold virtual press conference The press conference today is the last for Gov. Poloz. Best of luck, health and good fortune to the outgoing Governor.
BOC: Continues to assess the impacts of its stimulus measures
Seeing some success in measures but cautious given uncertainty. Banks in good shape Gov. Poulos will speak at 10:30 AM ET on the financial system review, but overall the report seems to suggest there is some positives but risks from uncertainty remain. Banks are in good condition to withstand the storm.