Loonie falls on coronavirus concerns

Economies.com
2020-02-26 17:03PM UTC

The Canadian dollar fell on Wednesday, due to the lingering concerns over the coronavirus, as it continued to spread in multiple countries.

 

Several central banks around the world, led by the US Federal Reserve, warned of the coronavirus impact on business performance of companies in the first quarter of 2020.

 

President Donald Trump will hold a press conference later today, with health care experts participating, to speak about the extent of the coronavirus impact and spread.

 

China revealed that the coronavirus has infected more than 78,000, and its death toll rose to 2,700 people.

 

The virus infections increased in in Austria, Switzerland, South Korea, Japan, Kuwait and Bahrain, while Paris, Seoul and Rome reported deaths.

 

CAD/USD fell by 0.3% to 0.7507 as of 17:02 GMT, after the pair hit an intraday high of 0.7539 and a low of 0.7501.

Forex and Currency News

EUR/USD news

Forex

Euro sharpens decline to five-week trough on the interest rate gap
2024-03-28 08:30AM UTC
Euro declined in European trade on Thursday against a basket of major rivals, sharpening losses for ...
Forex News

Forex

Dollar under pressure ahead of Christopher Waller's speech
2024-03-27 11:18AM UTC
The dollar declined in European trade on Wednesday against a basket of major rivals away from ...
USD/JPY news

Forex

Japan sends the stronger warning after yen crashes to 34-year nadir
2024-03-27 08:50AM UTC
Yen tumbled in European trade on Wednesday against a basket of major rivals, sharpening losses for ...

Forex Technical Analysis

NZD USD Analysis

Forex

The NZDUSD price forecast update 28-03-2024
2024-03-28 10:19AM UTC
NZDUSD Price Analysis The NZDUSD price resumes its negative trading to move away from 0.6000$ ...
AUD USD Analysis

Forex

The AUDUSD price forecast update 28-03-2024
2024-03-28 10:19AM UTC
AUDUSD Price Analysis The AUDUSD price achieved initial break to 0.6500$ level and closed the ...
GBP USD Analysis

Forex

The GBPUSD forecast update 28-03-2024
2024-03-28 10:19AM UTC
GBPUSD Trading Analysis The GBPUSD price shows calm bearish bias to gradually approach our first ...