Home Artikel Market News USD Advanced As Investors’ Concerns Over The Coronavirus Pandemic Remained In Focus

USD Advanced As Investors’ Concerns Over The Coronavirus Pandemic Remained In Focus

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During the European session, the market mood remained risk-off, with the European indices traded lower, and strength in safe-havens.

In the FX markets, the USD is leading across the board amid increasing liquidity needs as more US states tighten restrictions.

On the other hand, the antipodean currencies declined as investors’ concerns over the coronavirus pandemic remaining in focus. Global virus-related deaths were at a record high for the second consecutive day.

Meanwhile, the GBP erased some of its early losses as negotiations over a post-Brexit trade deal with the EU continue. Europe’s leaders are meeting in Brussels and are expected to demand from the European Commission to launch an emergency no-deal plan if a deal is not struck by tomorrow.

Ahead of the New York session, we expect that the market mood will remain risk-off to support the safe-haven currencies and pressured the high-beta currencies. On the economic front, US weekly unemployment claims are set to improve.

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