Thursday, 18 Jun 2020 08:28 AM MYT
Optimism about a quick economic comeback has been tempered by more global cases of the coronavirus, with an outbreak in Beijing and a rising infections in US states that are reopening their economies. The dollar rose from early lows as investors wary of wider geopolitical risks sought its relative safety, but pared gains by the session’s end.
“Don’t confuse lack of volatility with stability. The market is very unstable with news of the virus outbreak worsening, which could lead to less global trade. But news of no second coronavirus wave in the US could lead to a smoother recovery.”
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