Risk-on mood returns to the markets as equities are set to rise second day
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EUR/USD 1.0914 GBP/USD 1.2356 USD/CAD 1.3979 AUD/USD 0.6202 USD/JPY 108.94 USD/CNH 7.0528 USD/ILS 3.5798 USD/MXN 23.9454 USD/CHF 0.9698 USD/INR 75.63
USDThe greenback is down 0.8%, dropping versus all G-10 peers amid surging equities and increased demand for commodity-linked currencies, as the virus shows signs of slowing spread in China, Italy and Spain.GBPPM Boris Johnson was moved to intensive care yesterday after his battle with coronavirus intensified. After initially dropping nearly 1% on the news, the pound pared gains and is now up trading above $1.2350.EURThe euro climbed over 1% versus the greenback on optimism in the eurozone and amid a proposed $540 billion stimulus plan.CADThe Canadian dollar gained versus a weakening USD as equity futures pointed to a second day of gains. Oil gained in the markets on a hopeful agreement between Saudi Arabia and Russia at their meeting this Thursday.ASIA/PACIFIC
China’s offshore currency rose 0.51% versus the US dollar to 7.0710, but remains range-bound despite broad dollar strength and concerns over China's export outlook.
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