Risk currencies buoyed by cautious hopes pandemic is peaking [CNBC]
JP Morgan Chase & Co. (JPM)
Last jp morgan chase & co. earnings: 4/14 06:43 am
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Source: CNBC
Risk-sensitive currencies climbed on Thursday on budding optimism the coronavirus pandemic may be peaking although the euro was dented by the European Union's failure to agree on more support for their weakened economies.TheAustralian dollarTwo main sticking points were conditions for access to emergency credit lines in the euro zones's bailout fund and the notion of issuing joint debt by the bloc, so-called "coronabonds".The euro's drop overnight helped to lift thedollar indexBut the index is down 0.5% 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 JPMorgan. "All these are negative but forecasts both from governments and experts that the peak could come within day
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