China’s foreign exchange regulator, the State Administration of Foreign Exchange (SAFE), said in its latest statement release, the impact of a coronavirus outbreak on China’s economy would be temporary, per Reuters. Key Quotes: The country’s foreign exchange reserves — the world’s largest — rose $7.57 billion in January to $3.115 trillion. External environment remains complex and severe, global financial markets face uncertainties. Expects China’s fx reserves to remain overall stable. China’s long-term, sound economic fundamentals unchanged. Sound economic fundamentals good for stable fx market operations. Market Impact: Despite the conciliatory tone seen in the statement, the risk sentiment deteriorates further in the European session, especially after Singapore’s government lifts the country-wide virus warning level to be on par with SARS epidemic after the rise in locally transmitted cases. The Antipodeans slide nearly 0.60% to multi-month lows while USD/JPY revisits daily low at 109 FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Ripple’s co-founder Jed McCaleb XRP sales alarm the community FX Street 2 years China’s foreign exchange regulator, the State Administration of Foreign Exchange (SAFE), said in its latest statement release, the impact of a coronavirus outbreak on China’s economy would be temporary, per Reuters. Key Quotes: The country’s foreign exchange reserves — the world’s largest — rose $7.57 billion in January to $3.115 trillion. External environment remains complex and severe, global financial markets face uncertainties. Expects China’s fx reserves to remain overall stable. China's long-term, sound economic fundamentals unchanged. Sound economic fundamentals good for stable fx market operations. Market Impact: Despite the conciliatory tone seen in the statement, the risk sentiment deteriorates further in… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
