The Australian Dollar fell with AUD/USD at risk to reversing its bounce off March lows. Stock futures are pointing higher after the Fed eased capital requirements, leaving the Yen vulnerable.
Blogs
USD/MXN Price Volatility Continues as Pair Probes Topside Barrier
USD/MXN has been a highly volatile currency pair as of late, a trend that may continue as risk appetite appears to have slowed and crude oil falls further. What does this mean for USD/MXN?
Euro is Falling Against the Dollar, as EU Faces a Recession – 01 April 2020
The world's most popular currency pair has been on a losing streak from the beginning of the week, as the Euro has receded by 0.99 percent against the US dollar
Tokyo reportedly confirms over 90 more coronavirus cases, biggest one-day increase
Kyodo News reports confirmed ForexLive This continues to allude to the fact that things look set to get worse before they start to get better in Japan, with regards to the spread of the virus outbreak.
European equities open a little firmer to start the day
Light gains observed as the cash market begins trading – Eurostoxx +0.4% – Germany DAX +0.5% – France CAC 40 +0.7% – UK FTSE +0.6% – Spain IBEX +0.6% ForexLive
Spanish jobless claims rise by most on record in March
Spain saw jobless claims rise by 302,265 in March ForexLive The figure also dwarfs the near 200k claims during the 08-09 financial crisis, as we are seeing a record hit to the labour market everywhere around the world.
China says that it acted in an open, transparent manner amid the coronavirus outbreak
China responds to the allegations by the US overnight – Says that US officials want to shift the blame ForexLive In case you missed it, US intelligence officials to the White House that China had intentionally under-reported the extent of the coronavirus outbreak.
French labour minister says that 4 million workers are on temporary unemployment
Comments by French labour minister, Muriel Pénicaud ForexLive Even if governments are paying companies to furlough their employees, that is arguably the least of the concerns for some business owners at the moment.
Coronavirus seven day rate of change slowing
A glimmer of progress, via Bloomberg. The global caseload has started to show some signs of easing now. The seven day growth outlook slowed down to about 107% towards the end of March from around a high of 123% on March 27. This data is taken from John Hopkins University. One issue here with the […]
Switzerland March CPI -0.5% vs -0.5% y/y expected
Latest data released by the Federal Statistics Office – 2 April 2020 – -0.1% – Prior +0.2% ForexLive Deflation is back on the menu in Switzerland as core inflation falls into negative territory for the first time since February 2017. The sharp drop in energy prices over the last few weeks certainly isn't helping overall [&hel