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Latest data released by the Federal Statistics Office – 7 April 2020 – 2.5% – Seasonally adjusted unemployment rate 2.8% vs 2.7% expected – Prior 2.3%; revised to 2.6% ForexLive

Corriere della Sera reports on the matter what Austria is planning to do There is no doubt that the number of daily cases in Italy is slowing down but the case load being in the thousands is still a very unsettling situation:

Reuters with the update, citing two sources close to the prime minister ForexLive

Reuters reports, citing a document seen ForexLive

Daily thread to exchange ideas and to share your thoughts "inside information" Still plenty of questions hanging over the optimism in the market to start the week, as lockdown measures look set to continue for some time yet despite the improving trend in the coronavirus trajectory for many major hot spots around

UK prime minister, Boris Johnson, was taken to intensive care latest talk The pound has been trading choppily since yesterday because of the news, as it presents some political uncertainty surrounding how the government is going to function smoothly during this time. A Cabinet meeting due today is to already been postponed.

Latest data released by the Japanese Cabinet Office – 7 April 2020 – 90.5 – Coincident index 95.8 vs 95.7 expected – Prior 95.2 ForexLive I wouldn't look much into the release here as it predates the more widespread worries of the coronavirus outbreak in the region and across the globe. Hence, the purportedly improved [

It should be a relative non-event ForexLive The RBA has already moved to cut rates to the lower-bound of 0.25% and introduce QE, so their ammunition locker is relatively exhausted at this point.

Comments by Japan prime minister Shinzo Abe For some context, Japan has refrained from going down this path and prefers distributing coupons instead in some prefectures because they are afraid citizens will take the money and keep it in their savings; rather than use it to spend in some cases.

Forex news for Asia trading Tuesday 7 April 2020   News and data flow today was relatively non-impactful. I will note some encouraging news out of China, that the country reported no new coronavirus deaths for the first time since January 21.