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A near empty calendar day to end the week in Europe

French and Italian consumer confidence data the only releases of note Central banks and governments can take heart that their recent actions have helped to inject some calm into the market, with the Fed and ECB doing their part to relieve dollar funding pressures and the bond market selloff respectively.
Mar 27, 2020 Read more

ForexLive Asia FX news wrap: US House to vote on economic package

Forex news for Asia trading Friday 27 March 2020  It was a session where the USD lost ground, notably against the yen with USD/JPY losing 100+ points on the session. Other currencies found a bid against the USA dollar also, South Korea's won is +2% with other EM Asia currencies gaining also.
Mar 27, 2020 Read more

Australian PM Morrison says government is preparing a 3rd tranche of economic aid

Also - the Prime Minister says authorities will quarantine all arrivals to Australia  in hotels - For 2 weeks - The defence force will assist in quarantine enforcement Says he'll have more details in coming days. Which is good 'cause there was not much at all on the 3rd tranche news. 
Mar 27, 2020 Read more

More strong USD forecasts - projections for CAD, GDP

I posted earlier on BoA on EUR/USD  Check that post out for the bank's reasoning on why the expect further US dollar strength. Below are BoA projections for other currencies:
Mar 27, 2020 Read more

USD losses widening further

I've noted a couple of times during the session on the losses for USD/JPY  And that is still happening, setting a new session low now as I up0date. However, the losses for the USD are now widening more significantly
Mar 27, 2020 Read more

USD/JPY is losing further ground here in Asia, 100+ points lower on the session

I posted earlier on a bank citing 3 reasons for US/yen to fall to 105 Apart from what has been posted throughout the session so far there is nothing else. AUD and NZD are, conversely, gaining on the session although moves a re not smaller in scale than for USD/JPY 
Mar 27, 2020 Read more

NZ finmin Robertson says wage subsidy could cost as much as NZD 12bn

New Zealand Finance Minister Grant Robertson says modifications to the plan are being made The NZ COVID-19 Wage Subsidy currently: - $585.80 per week for a full time employee (20 hrs or more) 
Mar 27, 2020 Read more

Some chatter about the House may not vote on the US coronavirus relief bill on Friday

The US Senate passed the bill for 2.2 tln USD in economic relief unanimously. House leader Pelosi has urged all members of the House not to do anything to delay the vote. The vote is expected on Friday *US time).
Mar 27, 2020 Read more

US President Trump TV interview is over (says 'no way' Republican convention will be cancelled)

The Xi-Trump phone call has been rescheduled to 0230GMT, so expect more headlines from the US president soon. His interview on Fox has finished.  Comments here from earlier:
Mar 27, 2020 Read more

Trump says he thinks there are certain parts of the country that can be reopened, including the farm belt

Says Texas has large swathes not hit by this.  -  Says Texas has large swaths not hit by this. Says people want to get back to work, it's the way "people are engineered". Trump in a TV interview arguing in favour
Mar 27, 2020 Read more

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