• Add
    Company

Investors Start The New Decade On A Positive Note

JFD

On the first trading day of the new decade, investors returned to their desks in a risk-on mode. The positive mood was carried on from Tuesday, when US President Trump said that a “Phase One” deal with China will be signed on January 15th, and was boosted further after the PBOC cut its RRR by 50bps. The pound was the main gainer among the G10 currencies, but with concerns over the Brexit transition period still on the table, we cannot trust a healthy and lasting recovery.

EQUITIES REBOUND ON TRADE RHETORIC, PBOC CUT; GBP THE MAIN G10 GAINER

The dollar traded mixed on the last day of 2019 and during the 1st trading day of the new decade. It gained slightly against CHF, NZD, SEK and AUD, while it underperformed versus GBP, CAD and NOK. The greenback was found virtually unchanged against JPY and EUR.

Read the full article on JFD Research.

Source: https://www.jfdbank.com/en/research/investors-start-the-new-decade-on-a-positive-note-20200102
!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}