Dollar dominates as investors dump yen, Asiacurrencies on coronavirus spread
Emerging-market companies have sold a record amount of foreign-currency debt this year. Interesting that the bond sales come amid a broad weakening in EM currencies, which will theoretically make the debt more expensive for companies to repay.
GBP/CAD has broken below the September uptrend while EUR/CAD may be ending its consecutive 12 day decline with EUR/CHF approaching key resistance as NZD/CAD aims at November lows. Get your currencies update from @ZabelinDimitri here:
The $USD’s aggressive rise versus ASEAN currencies such as the Singapore Dollar, Indonesian Rupiah, Malaysian Ringgit and Philippine Peso prolonged. What is the technical road ahead? Find out from @ddubrovskyFX here:
Japan Finance Minister Aso: We Will Discuss The Global Economy And Digital Currencies At The G20 -Also Expect The Impact Of The Coronavirus On The Global Economy Will Be Discussed
In related news, the MSCI EM currencies index is having its biggest daily decline since August today (on a percentage basis.)
Brazil and Argentina have been presiding over a massive devaluation of their currencies. which is not good for our farmers. Therefore, effective immediately, I will restore the Tariffs on all Steel & Aluminum that is shipped into the U.S. from those countries. The Federal....
Would be sooo great if the Fed would further lower interest rates and quantitative ease. The Dollar is very strong against other currencies and there is almost no inflation. This is the time to do it. Exports would zoom!
China, the European Union and others have been manipulating their currencies and interest rates lower, while the U.S. is raising rates while the dollars gets stronger and stronger with each passing day - taking away our big competitive edge. As usual, not a level playing field...