{"id":167809,"date":"2020-03-31T08:00:51","date_gmt":"2020-03-31T12:00:51","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=167809"},"modified":"2020-03-31T07:28:45","modified_gmt":"2020-03-31T11:28:45","slug":"currency-majors-have-become-stable","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/03\/currency-majors-have-become-stable\/","title":{"rendered":"Currency Majors Have Become Stable"},"content":{"rendered":"
March 31, 2020<\/div>
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by JustForex<\/a><\/strong><\/p>\n

The greenback has recovered part of the losses relative to its main competitors. Yesterday, the dollar index (#DX) closed in the green zone (+0.76%). Currency majors are currently consolidating. Financial market participants continue to assess the impact of the COVID-19 pandemic on the global economy. According to the World Bank, the coronavirus pandemic will significantly slow down the growth of developing economies in East Asia and the Pacific.<\/p>\n

The loonie remains under pressure after a significant collapse in oil prices during yesterday’s trading session. Demand for the “safe haven” currencies is still high. Investors expect a report on the US labor market for March, which will be published on Friday. Last week’s jobless claims data show how severely the coronavirus pandemic is affecting the US economy.<\/p>\n

At the moment, the “black gold” prices are recovering after a sharp decline. Futures for the WTI crude oil are testing the $21.20 mark per barrel.<\/p>\n

Market indicators<\/h2>\n

Major US stock indices continue to recover after a prolonged fall: #SPY (+3.25%), #DIA (+3.12%), #QQQ (+3.64%).<\/p>\n

The 10-year US government bonds yield has moved away from multi-year lows. At the moment, the indicator is at the level of 0.70-0.71%.<\/p>

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The news feed on 2020.03.31:<\/div>\n