|20 February, 2020

Thursday Outlook: Yen near nine-month low versus dollar; Asian stocks edged up

Traders focus on China policy response to virus

A trader works at the New York Stock Exchange (NYSE) in New York, U.S., February 4, 2020.

A trader works at the New York Stock Exchange (NYSE) in New York, U.S., February 4, 2020.

REUTERS/Bryan R Smith

Zawya brings you all the latest news and insights relevant to Middle East and global investors in equities, commodities and currencies.

Oil rises on supply worries, while virus-led demand concerns ease
Tensions in Libya that have led to a blockade of its ports and oilfields have shown no signs a resolution

Slowing virus, China stimulus hopes support stocks, yen nurses losses
MSCI's broadest index of Asia-Pacific shares outside Japan ticked up 0.1%

Gold eases from 7-year peak on slowing virus spread, China stimulus hopes
Spot gold was down 0.2% at $1,607.49 per ounce

Yen stumbles on revived risk flows, yuan softens after rate cut
The yen traded at 111.29 per dollar in Asia on Thursday, close to the lowest since May 2019


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