By - Jamel Lahiani
Last week, the major stocks index falls as a result of the coronavirus outbreak. In fact, the worldwide impact of coronavirus outbreak fuelled concerns about global growth. In addition, the sluggish US economic data and a mixed batch of corporate earnings tackled the US stocks market. This leading, the US dollar to decline face the major currencies especially: Euro, Yen and the British pound, and a fall in the headstocks market: Dow Jones, DAX30 and Nikkei 225 by respectively -2.09%,-4.35% and -2.61%.
On the other side, the Bitcoin price realized a positive performance by increasing 8.6% face to the US dollar. Bitcoin was fluctuating around 9329.39 US dollars. In African currency markets, The Nigerian NAIRA recognized a tight variation and closed the week at 359.00 face to the US dollar but the South Africa ZAR was depreciated face to the US dollar by 4.21% and closed last week at 14.98920 US dollar.
The commodities market was characterized by the Crude oil price falls by – -4.75%, ending last week at 51.589 US dollars as the World Health Organization declared the China coronavirus a global emergency.
The last week main markets prices and variations
Market in Focus: 03 February – 07 February 2020
We have a list of high impact events this week. The publication of the events can leads to a strong movement or a trend for the related currencies. The discussion of the events impacts will be done within the daily FOREX report.
The publications that have a very significant theoretic impact are:
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