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6 Mar 2020

South Korea: Coronavirus infects job market – Standard Chartered

South Korea will release seasonally adjusted (SA) unemployment data for February on 11 March and in the opinion of economists at Standard Chartered Bank the unemployment rate is expected to rise due to coronavirus outbreak. USD/KRW trades at 1187.37.

Key quotes

“The unemployment rate likely rose to 4.3% due to the coronavirus outbreak.

“We think jobs funded by the government will continue to increase, but the number of employed will decrease as the coronavirus outbreak disrupts tourism, the traditional retail business and trade.”

“Korea’s slowing population growth will reduce the number of employed for 2020. The number of unemployed also likely rose in February due to delayed hiring as college graduates become economically active and search for jobs.”

Mar 6, 2020

Australia: Non-food retail drowned in January – ANZ

COVID-19 may have been behind part of January’s weakness, along with the bushfires, according to analysts at ANZ Research. Coronavirus is estimated to

USD/CHF slips below 0.9400 mark for the first time since March 2018

The USD/CHF pair tumbled to fresh two-year lows in the last hour, with bears now looking to extend the momentum further below the 0.9400 round-figure