Daily Market Review: Risk-on Continues, Powell Acknowledges Virus Risks, NZD Rallies on RBNZ
Channel: JFD Brokers
Date: 12/02/2020

Daily Market Review by Charalambos Pissouros

Equities continued sailing north yesterday, with DAX, S&P 500 and Nasdaq hitting new record highs after a Chinese advisor said that the number of new coronavirus cases has started falling. Elsewhere, in its testimony, Fed Chief Powell said that the economy is doing well, but warned that the virus could leave marks on the US economy. As for today, during the early Asian morning, the RBNZ appeared more optimistic than expected, sending the Kiwi higher against all the other G10 currencies. 

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