• Analytics
  • News and Tools
  • Market News
  • European session review: USD and JPY appreciate as another flare-up in tensions between U.S. and China boosts demand for safe-haven currencies
Market News
22.05.2020, 12:34

European session review: USD and JPY appreciate as another flare-up in tensions between U.S. and China boosts demand for safe-haven currencies

TimeCountryEventPeriodPrevious valueForecastActual
11:30EurozoneECB Monetary Policy Meeting Accounts    
12:30CanadaRetail Sales YoYMarch3% -8.4%
12:30CanadaRetail Sales, m/mMarch0.3%-10%-10%
12:30CanadaRetail Sales ex Autos, m/mMarch-15.6%-5%-0.4%


USD and JPY rose against other major currencies in the European session on Friday as fears of an escalation of tensions between Washington and Beijing heightened after China announced plans to strengthen control over Hong Kong with new security laws. The National People's Congress is expected to vote on the Hong Kong National Security Law on Thursday. The U.S. President Donald Trump stated the details of China's plan are not yet known but "if it happens we’ll address that issue very strongly.”

China’s move to tighten its grip on Hong Kong became another area of concern for the relationship between the world's two largest economies following the Trump administration’s criticism of Beijing's handling of the Covid-19 outbreak earlier this year. 

© 2000-2020. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Feedback
Live Chat E-mail
Up
Choose your language / location