Forex - Dollar Pauses after Three Day Tumble Amid Pandemic Fears - Investing.com

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• Forex - Dollar Pauses after Three Day Tumble Amid Pandemic Fears - Investing.com
• Forex - Dollar Unhinged as Consumer Confidence Miss Adds to Fed Rate Cut Bets - Investing.com
• Forex Today: US investors sell the greenback - FXStreet
• Investors Push For More Forex Rigging Docs From Big Banks - Law360

Forex - Dollar Pauses after Three Day Tumble Amid Pandemic Fears - Investing.com Posted: 26 Feb 2020 12:34 AM PST © Reuters. By Noreen Burke Investing.com - The U.S. dollar steadied on Wednesday after three days of declines but stayed on the defensive amid expectations that the Federal Reserve could cut interest rates in the coming months to support the economy as coronavirus continues to spread around the world. Against a basket of currencies, the was at 98.96 by 03:30 AM ET (830GMT), having now lost 0.9% since it reached a three-year high last week. The greenback initially rose as the virus spread, boosted by the perceived relative strength of U.S. financial assets. But with the outbreak spreading further around the world investors no longer see the U.S. economy immune and have started to bet the Fed will have to cut rates to offset the economic fallout from measures put in place to try to contain the virus. The U.S. Centers for Disease Control and Prevention (CDC) warned Americans on Tuesday to prepare for a likely pandemic. That warning contradicted claims by White House economic advisor Larry Kudlow, who told CNBC that "We have contained this, I won't say airtight, but pretty close to airtight." Asia reported hundreds of new coronavirus cases on Wednesday, including the first U.S. soldier to be infected and outbreaks in Italy and Iran spread to other countries. The dollar pushed higher against the , to trade at 110.47, below the 10-month high set last Thursday after three straight days of losses. The was holding steady at 1.0876, having regained ground since it hit near three-year low of 1.0778 on Thursday. Treasury yields eased from record lows, with the yield on the benchmark Treasury note ticking up to 1.352%, while the yield on the Treasury bond was also up to 1.835%. Concerns about the global economic impact of the coronavirus sent yields on safe-haven Treasuries to record lows on Tuesday. In contrast to the Fed, the world's other major central banks such as the European Central Bank and the Bank of Japan have limited room for easing with their policy rates already at record lows. "Markets had been under-estimating the risk of coronavirus but I think that phase is over by now," said Tatsuya Chiba, manager of forex at Mitsubishi Trust Bank. Chiba said the risk-off mood is likely to linger for another month or so until the market reach the extreme in the opposite direction by over-estimating the risk. "I would think we will see the peak of fears when people become seriously worried about an epidemic in the United States." The risk-sensitive was close to eleven-year lows at 0.6579. --Reuters contributed to this report Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data. Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Forex - Dollar Unhinged as Consumer Confidence Miss Adds to Fed Rate Cut Bets - Investing.com Posted: 25 Feb 2020 12:16 PM PST © Reuters. By Yasin Ebrahim Investing.com – The U.S. dollar fell on Tuesday, following a plunge in Treasury yields, as weaker U.S. consumer confidence raised questions about the strength of the economy at a time when traders are betting the rapid spread of Covid-19 may trigger a material change to the Fed's outlook on economy, forcing a flurry of rate cuts. The , which measures the greenback against a trade-weighted basket of six major currencies, fell by 0.37% to 98.92. The yield fell to record low of 1.307% in the wake of growing worries the potential impact on global growth from Covid-19 will be worse than expected, forcing the Fed to act in April, June and July. The odds of April, June, and July rate cuts jumped to 56%, 77% and 86% respectively, according to Investing.com's . With new outbreaks in Asia, Europe and the Middle East stoking fears of a pandemic, investors piled into safe havens like the yen and Swiss franc. fell 0.64% to $110.04 and fell 0.31% to 0.9757. The dollar was also hurt by signs of a wobble in the economy as undershot economists' forecasts. rose 0.60% to $1.3005 and rose 0.26% to $1.0882. fell 0.15% to C$1.3272 even as the loonie was pressured by a slump in oil prices amid concerns about the virus' impact on Chinese oil demand growth. The International Energy Agency's outlook on global oil demand growth has fallen to its lowest level in a decade, IEA Executive Director Fatih Birol said on Tuesday. Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data. Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Forex Today: US investors sell the greenback - FXStreet Posted: 25 Feb 2020 12:29 PM PST Here is what you need to know on Wednesday, February 26th: The coronavirus extended its claws through Europe, with more cases reported in France, mainland Spain and Germany. The American dollar seesawed between gains and losses, but edged lower during US trading hours, as government bond yields collapsed. The yield on the 10-year Treasury note traded at a record low of 1.32%. The EUR/USD pair settled near 1.0900 amid the dollar's weakness, and despite German Q4 GDP was confirmed at 0%. GBP/USD recovered 1.3000 despite mounting tensions between the UK and the EU over the future trade relationship. The EU released the Political Declaration, a document set to be the base of the upcoming trade relationship with the UK. The kingdom will release its declaration next Thursday, although Downing Street responded to the EU, claiming that the UK deserves the same respect to autonomy as other major economies such as Canada and Japan, and mentioned that the EU doesn't demand a level playing field when dealing with the US. Gold prices consolidated, with spot hovering around $1,650 a troy ounce, although crude oil prices were down, weighed by plummeting equities and fears the coronavirus will affect demand. Wall Street closed with substantial losses for a second consecutive day. The DJIA lost roughly 800 points. Cryptocurrencies came under selling pressure, reaching fresh lows. BTC/USD approaching $9,000.00.

Investors Push For More Forex Rigging Docs From Big Banks - Law360 Posted: 25 Feb 2020 10:47 AM PST Law360, London (February 25, 2020, 6:47 PM GMT) -- Institutional investors accused several major banks Tuesday of withholding documents supporting claims that they manipulated foreign exchange markets for years, urging a London judge to order broader disclosure in the high-profile dispute. Lawyers for Allianz Global Investors, Brevan Howard and over 300 other investors argued that the banks — including Barclays, Royal Bank of Scotland and JP Morgan — have more materials that contain key examples of collusion that could boost their damages claim. Marie Demetriou QC, representing the investors, told Judge Christopher Butcher that there was evidence of "blatant and clear-cut" efforts by the defendant banks to work together and...

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