Forex Market Analysis
Moody's Downgrade China's Growth, Global Economy in Question
Created 10:08AM 18/02/2020
JPY and CHF are the top G10 FX gainers today, up 0.16% and 0.05% vs the dollar while NOK and SEK are the top losers, down -0.75% and -0.58% vs the dollar. The yuan weakened to near 7 per dollar as concerns over the economy deepened following Moody's downgrade of China's growth for 2020. The Australian and New Zealand Dollar are also likely to suffer amid mounting cost of the coronavirus epidemic. ...