The dollar resumed its descent against the safe-haven Japanese yen and Swiss fra...
“Liquidity is so thin at the moment. There are very few orders in the market, most of which appear to come from algorithm players,” said Yukio Ishizuki, senior strategist at Daiwa Securities.The dollar had jumped back on Tuesday as investors hoped global monetary policymakers will launch further stimulus plans aimed at bolstering economies hit by trade and travel disruptions.
“It is too early to say the market sentiment has turned positive. Yesterday’s rebound in the dollar and in risk assets is a type of a rebound you often see in a downtrend,” said Shinji Ishimaru, senior currency analyst at MUFG Bank. The U.S. Centers for Disease Control and Prevention reported on Tuesday 696 cases of coronavirus, an increase of 224 from its previous count, and said the number of deaths had risen by six to 25.
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