AUD/USD benefits from surprisingly positive data from the largest customer. Market’s risk-tone remains mildly positive, takes clues from the US off-late. Aussie data recently flashed mixed signals while comments from PBOC adviser signaled further stimulus from the largest customer. Following its flash crash drop from 0.6190 to 0.6080, AUD/USD bounces back to 0.6165 amid the

USD/CHF once again managed to find some support near the 0.9500 mark. A goodish pickup in the USD demand helped regain some positive traction. Fading safe-haven demand weighed on the CHF and remained supportive. The USD/CHF pair rallied around 60-65 pips from the Asian session lows and is currently placed near the top end of its daily

USD/JPY continues to trade in the red as the rate cut by China has failed to bring cheer to the equity markets. China’s rate cut and liquidity infusion have failed to put a bid under the risky assets. The Anti-risk Yen remains better bid and is keeping USD/JPY on the defensive. The USD/JPY pair has

USD/CNH takes further measures after China’s central bank took steps to combat the coronavirus (COVID-19). PBOC cuts seven-day reverse repo rate, Moody’s cited weakness of China’s shadow banking industry. China’s Commerce Ministry, President Xi remain optimistic. USD/CNH remains on the front foot around 7.1080 after the People’s Bank of China (PBOC) announced a rate cut

Coronavirus crisis continues to take its toll on global economic developments. US employment sector in the spotlight in the form of Nonfarm Payroll report. EUR/USD recovered from a fresh 2-year low, the risk still skewed to the downside. The EUR/USD pair has staged a substantial recovery this past week, recovering toward the 1.1000 price zone