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China Securities Journal: PBOC may cut OMO rates this month

China’s Securities Journal announced on early Wednesday that the People’s Bank of China (PBOC) may cut open market operations (OMO) rates this month.

With this, the PBOC will use its tool to infuse liquidity to ward off the economic implications of coronavirus (COVID-19).

Following the news, the risk-tone witnessed additional burden with Gold prices rising to a one-week high surrounding $1,653.

NZD/USD snaps two-day winning streak as odds of RBNZ rate cut increase after Fed, RBA moves

NZD/USD declines to 0.6270 amid the Asian session on Wednesday. In doing so, the Kiwi pair snaps the previous two-day winning streak amid increasing h
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Fed's Evans: Fed was very well positioned but felt rate reduction would help boost confidence

FED'S EVANS SAYS HE THOUGHT FED WAS VERY WELL POSITIONED BUT FELT RATE REDUCTION WOULD HELP BOOST CONFIDENCE GIVEN RISING RISKS, POSSIBLE ECONOMIC WEA
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