As a result of last week's trading, gold price reached its maximum since the end of 2012 amid the decline of the US dollar due to the actions of the U.S. Central Bank. As reported, the U.S. Federal Reserve on Thursday announced new lending programs and expanded existing ones in an effort to provide the economy with financial support of $2.3 trillion amid the coronavirus pandemic. Fed Chairman Jerome Powell said in a statement that the Fed is trying to "provide as much support and stability as we can" during the...
Japanese medics reported a successful experiment in the fight against coronavirus. They were helped by the drug nelfinavir, which blocks the reproduction of SARS-CoV-2. The document says that the proven remedy for coronavirus infection has not yet been invented, so it is necessary to test existing drugs - mainly those commonly used to treat people with HIV. Following the use of nelfinavir, a decrease in the replicative activity of the causative agent COVID-19 has been observed. A total of nine drugs have been tested by...
USD/JPY continued its decline during the American session yesterday, despite the Wall Street rally. It marked a 4-day low at 108.35 and now remains close to the base of the range. The dollar declined across the whole range as the Fed announced new support measures and the US again published weak data on unemployment claims. USD/JPY, 30 min Pivot: 108.43
The second patient with the detected disease of coronavirus infection died in New Zealand, according to the press service of the Ministry of Health. Also, over the past day in New Zealand, 23 cases of infection with coronavirus of a new type were identified, while another 21 cases were previously confirmed. The total number of detected cases of COVID-19 in the country has reached 1283. NZD/USD, 30 min Pivot: 0.6082
"Risk aversion and the U.S. dollar go hand in hand," said CNBC Ray Attrill, head of foreign exchange strategy at the National Bank of Australia. Although the virus curve is leveling off, the economic impact of the crisis will continue for many years," Joe Capurso, a currency analyst at the Commonwealth Bank of Australia, told CNBC. Enterprises will need time to reopen, some of them will not be able to resume work, and the fight against unemployment will take years. AUD/USD, 30 min Pivot: 0.6231
