ForexLive European Forex news wrap: Havens thrive on US-China trade problems – ForexLive
Forex news from the European morning session – 20 November 2019
- JPY prospects, CAD lags on the day
- European equities reduced E-minis down .four%
- US ten-yr yields down three.eight bps to one.745%
- Gold up .two% to $one,475.77
- WTI up .two% to $55.thirty
- Bitcoin down .three% to $eight,086
Marketplaces ongoing to posture extra defensively as US-China tensions stay heightened after China voiced their displeasure about the US Senate passing a human rights bill on HK.
That prompted a retreat in danger belongings and the mood ongoing about into European buying and selling, as current market participants dread this may possibly add a different hurdle to conquer for trade talks.
Treasury yields fell across the curve to 2½ 7 days lows, underpinning the yen on the session as USD/JPY lingered all-around 108.35-50 as the dollar also held company.
Haven flows ended up the name of the match as equities and futures slumped, dragging danger currencies along with them as effectively.
The aussie and loonie are the two noteworthy decliners with the former slipping past one.33 in opposition to the dollar when the latter is threatening a split of the .sixty eight handle.
As the dollar retained company, the euro and pound also endured a harder time with cable slipping down below the one.29 handle briefly when EUR/USD stays pressured all-around one.1055-60.
Hunting in advance, it truly is all about the danger mood continue to so let us see if the US camp has nearly anything to say on trade talks to try out and revive hopes and optimism on the day.
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