Most traditional safe-haven assets were also under pressure as battered investors looked to unwind their damaged positions, leading to wide discrepancies between various markets. Euro Stoxx 50 futures fell 4.5%, boding ill for European stock markets. It is not a good sign," said Tomoaki Shishido, senior fixed income strategist at Nomura Securities. "Yet stock markets will likely remain capped by worries about the spreading coronavirus," he said. The Australian dollar bounced back to $0.6019 after having hit a 17-year low of low of $0.5958 the previous day.

Source: bd News24 March 18, 2020 06:33 UTC