China’s Commerce Ministry: Accelerating plans for further measures to support firms and economy
|A spokesman from China Commerce Ministry said on Friday that the government is accelerating plans for further measures to support firms and the economy.
Further comments:
January - February trade hurt by work delay, lockdown, holiday.
Hit on Q1 trade is large but bearable.
2020 trade expected to be in a reasonable range.
Market implications
With risk-off at full steam in Asia amid rising coronavirus fears, the AUD/USD pair hit a fresh 11-year low below 0.6600 while the kiwi is on its way to breach the 0.6300 level. The yen is recovering ground, as USD/JPY extends the drop below 112.00.
The S&P 500 futures are down 0.45% with the Asian equities reporting moderate losses.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.