Commodity currencies hold firm on hopes of pandemic peak, oil output cut [Reuters]
JP Morgan Chase & Co. (JPM)
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Source: Reuters
Commodity currencies hold firm on hopes of pandemic peak, oil output cut TOKYO (Reuters) - Commodity currencies drew support on Thursday from hopeful signs the coronavirus pandemic may be peaking and that major oil producers may agree to cut output to stem a plunge in oil prices. The Australian dollar fetched $0.6225 AUD=D4 , down slightly but still near its highest level since mid-March, maintaining most of its gains since rallying from a 17-year trough of $0.5510 touched three weeks ago. The dollar’s index against six other major currencies stood flat at 100.15 =USD in early Thursday trade. The index is down 0.6% so far this week as safe-haven flows to the U.S. currency eased on rising hopes much of Europe and the United States could soon see themselves out of the worst period of the COVID-19 pandemic. “New York reported its biggest death toll while infections hit the highest level in four days in Spain and three days in Italy,” said Tohru Sasaki, head of Japan market research at JP
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JPM
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- 10/14/25 - Beat
JPM
Sec Filings
- 12/5/25 - Form 424B2
- 12/5/25 - Form 424B2
- 12/5/25 - Form 424B2
- JPM's page on the SEC website