The Euro and the pound both traded higher on Thursday in Asia ahead of U.K. and EU trade talks that were set for March 2.<\/p>\n\n\n\n
The EUR\/USD<\/a> pair and the GBP\/USD<\/a> pair rose 0.3% and 0.2% respectively by 1:45 AM ET (05:45 GMT).<\/p>\n\n\n\n Despite the gains today, traders are concerned that tough rhetoric from both sides recently suggests negotiations will be anything but smooth.<\/p>\n\n\n\n The EU’s chief negotiator, Michel Barnier, said the bloc would not agree a deal “at any price” and rebuffed the idea of offering the U.K. a Canada-style trade agreement.<\/p>\n\n\n\n The U.S. dollar index<\/a> that tracks the greenback against a basket of other currencies was down 0.1% to 98.832.<\/p>\n\n\n\n Reports that the spread of the new coronavirus globally continued to gather pace were cited as headwinds for the greenback.<\/p>\n\n\n\n The U.S. confirmed its first community transmission of the virus on Wednesday, as the Centers for Disease Control and Preventionn (CDC) said a California patient, who did not have a relevant travel history or exposure to another patient with the new coronavirus, was infected.<\/p>\n\n\n\n Meanwhile, the Bank of Korea unexpected kept rates unchanged even after the number of cases in South Korea rose above 1,500 today from just around 31 in a little more than a week.<\/p>\n\n\n\n On Wednesday, the World Health Organization said that for the first time the virus was spreading faster outside China, where it originated.<\/p>\n\n\n\n The USD\/JPY<\/a> pair lost 0.3% to 110.04 as the Japanese yen attracted some safe-haven demand.<\/p>\n\n\n\n The AUD\/USD<\/a> pair rose 0.2% to 0.6550, while the NSD\/USD<\/a> pair was little changed at 0.6292 as S&P Global Ratings affirmed New Zealand\u2019s credit quality rating.<\/p>\n","protected":false},"excerpt":{"rendered":" The Euro and the pound both traded higher on Thursday in Asia ahead of U.K. and EU trade talks that were set for March 2. The EUR\/USD pair and the GBP\/USD pair rose 0.3% and 0.2% respectively by 1:45 AM ET (05:45 GMT). Despite the gains today, traders are concerned that tough rhetoric from Read more<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1924","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/1924","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/comments?post=1924"}],"version-history":[{"count":1,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/1924\/revisions"}],"predecessor-version":[{"id":1925,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/1924\/revisions\/1925"}],"wp:attachment":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/media?parent=1924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/categories?post=1924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/tags?post=1924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}