Equities and risk-linked currencies continued sliding on Monday, while demand for safe havens stayed elevated. Apparently, investors remained fearful over the spreading of the coronavirus, which could well impact economic activity. As for tonight, during the Asian morning, apart from headlines surrounding the virus, AUD-traders may also pay attention to Australia’s CPIs for Q4, as they try to figure out when the RBA may deliver another quarter-point decrease in interest rates.
Risk Assets Keep Tumbling, Safe Havens Gain on Virus Spread
The dollar traded higher or unchanged against the other G10 currencies on Monday and during the Asian morning Tuesday. It gained against NOK, AUD, NZD, SEK, CAD and fractionally against EUR, while it was found virtually unchanged against GBP, CHF and JPY.
The relative strength of the safe havens CHF and JPY and the weakening of the commodity-linked AUD and NZD suggests that investors returned to their desks in a...
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