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17 Mar 2020

US Treasury Sec. Mnuchin: We’re going to update Senate On Coronavirus Relief Bill

Following the objection by the Republicans and a suggestion by President Donald Trump that the Senate would make further changes to the measure, the Coronavirus Relief Bill appears to have hit a speed bump, as per CNN. To tackle the roadblock, US Treasury Secretary Steve Mnuchin is in the closed-door meeting with some of the senators after saying that they are going to update the Senate on coronavirus relief bill.

FX implications

The news failed to provide a major market action as traders catch a breath after Monday’s bloodbath in global equities. However, S&P 500 Futures recovered 0.26% to 2,405 after the update’s release.

Mar 17, 2020

AUD/JPY Price Analysis: Bears hold the reins below short-term resistance trendline

AUD/JPY extends the losses to 64.68 amid the early Tuesday morning in Asia. In doing so, the pair remains below an eight-day-old falling trend line.
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Mar 17, 2020

AUD/USD stays above 0.6100 amid broad risk-off, RBA minutes in focus

Having refreshed more than a decade low the previous day, AUD/USD bears catch a breath near 0.6120 amid the early hours of Tuesday morning in Asia. Th
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