Risk appetite was boosted again yesterday, perhaps on new signs that the coronavirus spreading may be levelling off. As for today, market participants may once again turn their attention to the U.S. . Apart from the claims, we also get Canada’s data for March, while the OPEC+ group is expected to have a video conference meeting to discuss oil production.
RISK APPETITE IMPROVES, US INITIAL JOBLESS CLAIMS BACK UNDER THE RADAR
The traded lower or unchanged against the other G10 currencies on Wednesday and during the Asian morning Thursday. It lost ground versus AUD, NZD, GBP and NOK in that order, while it was found virtually unchanged against EUR, CAD, CHF, JPY and SEK.
USD performance G10 currencies
The strengthening of the risk-linked currencies and , combined with the relative weakness of the safe havens US dollar, yen and franc, suggests that investors’ appetite was boosted again. Indeed, although most major EU indices traded slightly in the red, the US ones gained on…