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4 Mar 2020

S. Korean FinMin: Will take stern action if needed to stabilize markets

South Korean Finance Minister said on Wednesday, the government will take stern action if needed to stabilize markets.

Additional quotes

Volatility in local financial market likely to remain high for some time.

Will act in pre-emptive manner if needed.

Negative impact on economy from coronavirus spread materializing.

More to follow …

Mar 4, 2020

USD/CNH Price Analysis: Violates key support, Yuan hits 5.5-week high

USD/CNH breached support at 6.9569 (Feb. 6 low) on Tuesday and is currently trading at 6.9317, the lowest level since Jan. 24. To put it another way,

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Mar 4, 2020

GBP/JPY bounces off multi-week low amid risk reset

GBP/JPY recovers 0.21% losses to take a U-turn from the mid-October 2019 lows while trading around 137.60 ahead of the UK session on Wednesday.

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