- Chaotic start to the year as a deadly virus originated in China derails economic activity
- U.S. Dollar maintained a resilient stance, rose by 0.6% overall as a safe-haven
- Brexit Day came and went, but no interest rate cuts allowed Pound to stay afloat, gained 0.4%.
- Europe’s confirmation of a slow Q4 and anemic January cost the shared currency 0.7% in value
- Declines across markets, gripped by fear over the coronavirus effects, boosted CHF by 0.8%
- China’s Phase I and USMCA trade agreements were signed by President Donald Trump
- Boris Johnson’s turn away from a “smooth Brexit” trade deal will hurt Sterling
- Ongoing worry over the coronavirus likely to reveal an ailing world economy
- Greenback is likely to move quietly and in mixed ranges as the globe adjusts to risks
- A turnaround for equities and commodity-based currencies could arrive if news improves on contain/eliminating the disease
- 2020 is supposed to be a year of major transition and trade resolution, but the unforeseen health crisis is slowing everything
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