Posts published in February 2020

US Dollar Gains After Positive Economic Reports

The US dollar rallied today following better-than-expected macroeconomic releases in the United States. Now, traders wait for tomorrow’s nonfarm payrolls. The major piece of news today was the tariff cut by China on $75…

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Czech Koruna Rallies After Interest Rate Hike

The Czech koruna rallied today after the nation’s central bank surprised markets, raising interest rates despite the threat of a global economic slowdown. Currently, the currency has backed off from the day’s…

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Chinese Yuan Rebounds on Expected Stimulus, Cut in Tariffs

The Chinese yuan is rebounding on Thursday as reports suggest that the central bank will unleash additional stimulus to contain the Wuhan coronavirus’ impact on the world’s second-largest economy. While the death toll and number…

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