Forex Today: Stock Markets Mostly Higher – 23 June 2020

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on June 23, 2020

Risk-on market environment continues

  • Stock markets are rising, with the Japanese Nikkei 225 Index up by 0.97% in late Tokyo trading.
  • Gold made a multi-year high closing price in New York yesterday above $1,750 an ounce.
  • Friday saw a record number of new confirmed coronavirus cases worldwide, as the WHO warns that the pandemic shows no sign of slowing and is moving into a potentially more dangerous phase. The U.S. reported approximately 30,000 new cases two days in a row, its highest daily tally since 1st May.
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  • In Forex, the Australian Dollar is the strongest major currency, while the Japanese Yen is the weakest currency right now.
  • Coronavirus deaths globally are rising again after peaking on 18th April, especially in India, Mexico, and Brazil.
  • Coronavirus deaths in Latin America and the Caribbean are 48% of the global daily total, well exceeding those in both the U.S.A. (12%) and Europe (approx. 11%) which shows that the epicenter of the pandemic is in South America. Asia is seeing about 18% of global deaths.
  • Total confirmed new coronavirus cases stand at over 9 million with an average case fatality rate of 5.19%.
  • Brazil continues to see more daily deaths from coronavirus than any other country in the world.
  • The rate of new coronavirus infections appears to be increasing most quickly in Brazil, the U.S.A., Mexico, South Africa, Saudi Arabia, Colombia, Argentina, Iraq, Panama, the Philippines, Germany, Romania, and Israel.

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