Wednesday, 12 February 2020
TIME 12:09 PM IST
US dollar has been gaining the major currencies as a safe haven against the Chinese corona virus. Everyone is just assessing the impact of virus on global economy. Euro/inr and gbp/inr will rise sharply if and when fears of corona virus recede. Pound may have formed a short term bottom yesterday’s low of 91.7500.
No one knows the impact of economic news on currency markets. Right now sentiment is very bullish for the US dollar.
Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific currencies, metals and commodities reflect the views of the individual analyst, In no event shall Insignia Consultants or its employees have any liability for any losses incurred in connection with any decision made, action or inaction taken by any party in reliance upon the information provided in this material; or in any delays, inaccuracies, errors in, or omissions of Information. Nothing in this article is, or should be construed as, investment advice. All analyses used herein are subjective opinions of the author and should not be considered as specific investment advice. Investors/Traders must consider all relevant risk factors including their own personal financial situation before trading. Websitewww.insigniaconsultants.in. Prepared by Chintan Karnani
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