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UK FinMin Sunak: Do not believe a travel ban is the right thing to do for UK

The UK Finance Minister Sunak is on the wires now, via Reuters, saying that “we do not believe a travel ban is the right thing to do for the UK.

Key quotes

We face a challenging few month with coronavirus.

We have been advised that school closures not right step at this point.

Medium-term figures in his budget plan represent sensible economic management.

US Dollar Index recedes to 96.30 amidst risk-off mood

The greenback, when tracked by the US Dollar Index (DXY), is trading on the defensive in the second half of the week and retreats to the 96.30 area. U
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USD/JPY trims a part of early losses, finds decent support near 103.00 mark

The USD/JPY pair recovered over 100 pips from the Asian session lows, albeit struggled to capitalize on the move and find acceptance above the 104.00
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