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14 Oct 2020

US Treasury Secretary Mnuchin: A deal before elections is difficult

Equity prices turned to the downside after US Treasury Secretary Steven Mnuchin mentioned that stimulus talks are still far apart. Speaking at the Milken Institute Global Conference, Mnuchin said that getting something done before elections is difficult. “We continue to make progress on certain issues”.

Main Wall Street indexes turned lower. The Dow Jones lost more than a hundred points in a few minutes and is falling 0.65% and the Nasdaq drops more than 1%. The US Dollar rose modestly support by risk aversion trimming daily losses.

 

Oct 14, 2020

USD/CHF trims Tuesday’s gains, drops to 0.9110

The USD/CHF retreated further from the five-day high it reached earlier on Wednesday at 0.9162 and bottomed at 0.9112. As of writing it trades at 0.91
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Oct 14, 2020

BoE's Haldane: Businesses and consumers show flexibility in response to COVID

Consumers and business in the UK have shown "remarkable flexibility" in response to the coronavirus crisis, Andy Haldane, the Chief Economist of the B
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