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Dollar dominates as investors dump yen, Asiacurrencies on coronavirus spread

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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.

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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:

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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:

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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

MXN Pairs Higher Today as EM Currencies are Sold

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MXN Pairs Higher Today as EM Currencies are Sold

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In related news, the MSCI EM currencies index is having its biggest daily decline since August today (on a percentage basis.)

USD/JPY looks to post first daily close above 112 since April 2019 By @eren_fxstreet  #USDJPY  #Majors  #Currencies 

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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....

As I predicted, Jay Powell and the Federal Reserve have allowed the Dollar to get so strong, especially relative to ALL other currencies, that our manufacturers are being negatively affected. Fed Rate too high. They are their own worst enemies, they don’t have a clue. Pathetic!

.....Reserve should likewise act so that countries, of which there are many, no longer take advantage of our strong dollar by further devaluing their currencies. This makes it very hard for our manufactures & farmers to fairly export their goods. Lower Rates & Loosen - Fed!

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...

Worst performing currencies against US Dollar over past year. Venezuela: -2,500,000% Argentina: -104% Turkey: -96% Brazil: -30% Iran: -30% Ethiopia: -18% Russia: -17% Pakistan: -16% Sweden: -15% Myanmar: -13% South Africa: -13% India: -11% Uruguay: -11% Nepal: -11% Ukraine: -10%

....as we have done, it could have been soooo much better. Interest rate costs should have been much lower, & GDP & our Country’s wealth accumulation much higher. Such a waste of time & money. Also, very unfair that other countries manipulate their currencies and pump money in!

This is because the Euro and other currencies are devalued against the dollar, putting the U.S. at a big disadvantage. The Fed Interest rate way too high, added to ridiculous quantitative tightening! They don’t have a clue!

Worst performing currencies against US Dollar over past year. Venezuela: -2,500,000% Argentina: -120% Turkey: -92% Brazil: -33% Iran: -30% South Africa: -21% Ethiopia: -18% Russia: -19% Pakistan: -16% Sweden: -13% Myanmar: -13% India: -12% Uruguay: -12% Indonesia: 12%

Malaysia’s ringgit, one of Asia’s worst-performing currencies, may have further to fall

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