January 27-31, 2020. The dollar benefits

2020-01-26

In the coming week, New Year’s holidays in Asia and, especially, China. But the holidays will obviously not be fun. China goes into isolation mode, canceling film premieres, sports and other cultural events, isolating entire cities. The reason is coronavirus. The number of sick and dead will be one of the factors of daily influence on Forex.
Among other obvious drivers of the foreign exchange market are decisions on the level of interest rates in the USA and Great Britain. According to forecasts, they can lead to an increase in the dollar index relative to major currencies, as the UK withdraws from the EU, as well as the development of a viral disease in China.