The corona virus is creating ever more victims, and serious unrest. On the forex market, currencies from emerging countries are bearing the brunt. This has everything to do with falling prices for commodities like coffee and oil.
Thanks to rapid population growth and increasing prosperity, India’s economy could eventually catch up with that of the United States. But first, Prime Minister Narendra Modi will have to fire up the country’s economy.
Gain an overview of the latest developments on the currency market and anticipate fluctuation risks.
The key dates: 31 January: after three postponements, the UK will formally leave the EU. A transition period running until 31 December 2020 begins, during which nothing will change. Relations between the EU and the UK will remain identical to those that prevailed before.
France’s former Prime Minister Michel Rocard said, “The economy cannot be changed by decree,” and this sums up our expectations for 2020. There is every chance that the major trends in the global economy and the FX market that emerged in late 2019 will persist this year.
Wrapping up 2019 and unveiling 2020: a note from our product team