Risk of recession rises following a contraction in US business activity. How might this impact the US Dollar as economic fallout from the coronavirus radiates across the global supply chain?
Author: n Rich Dvorak
The US Dollar extended lower after disappointing consumer confidence data encouraged forex traders to reiterate the recent runup in Fed rate cut bets amid festering coronavirus concerns.
Risk of recession rises following a contraction in US business activity. How might this impact the US Dollar as economic fallout from the coronavirus radiates across the global supply chain?
Consumer confidence data due for release during Tuesday’s trading session could weigh materially on Fed rate cut bets and thus the US Dollar as coronavirus concerns mount.
Risk of recession rises following a contraction in US business activity. How might this impact the US Dollar as economic fallout from the coronavirus radiates across the global supply chain?
Spot USD/MXN price action hits an eleven-week high with the US Dollar spiking 3.5% against the Mexican Peso over the last four trading days to test its 200-DMA as coronavirus concerns run rampant.