Analysts at JPMorgan Chase recommend buying Swiss franc, Singapore dollar and US dollar, as well as the Japanese yen in the event of a global recession or downturn in the US economy. In this case, they believe that it is necessary to get rid of the currencies of the developing countries. To hedge the risks of the cheapest of currencies, analysts consider the yen. They believe that the Singapore dollar is not very good for these purposes, the US dollar is more preferable, which is bought by banks and companies as the world currency during economic downturns. Analysts of the bank estimated that for 2 years since the beginning of the recession, the currencies of the developing countries are too sensitive to it and depreciate by 17%.
China saw its factory gate data for June perform better than expected on Thursday morning. However, persistent deflation indicated that the impact from the COVID-19 pandemic still continues to linger. The data, released by the National Bureau ...
Safe-haven currencies were on the defensive on Tuesday as hopes of an economic recovery strengthened stock prices. The Pound Sterling was under pressure after British Prime Minister Boris Johnson pledged a “Rooseveltian" boost to public ...
The dollar fell on Tuesday following the U.S. Federal Reserve’s announcement to begin broad buying of corporate debt, lifting appetite for risk currencies. The Fed said that it will start buying diverse investment grade U.S. corporate ...
The dollar gained, while commodity currencies dropped as investors turned away from risky currencies amid fears of a second coronavirus wave lambasting major economies including China, Japan, and the United States. Beijing reported new infections ...
Japan’s economy braced for its sharpest postwar inactivity even as first-quarter gross domestic product fared better than initially speculated. This is mainly from the disruptions of the coronavirus crisis, halting global growth and ...