WATCH: Forex Weekly Review – February 24, 2020

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microbiologist testing tube for coronavirus

Welcome to this week’s market roundup brought to you by TopRatedForexBrokers.

Global equity markets

Global equity markets ended lower last week, as concerns over the impact of the coronavirus outbreak on the global economy continues to weigh on the investor sentiment.

UK markets ended lower, led by losses in mining and banking sector stocks, while US markets also ended the week lower.

Currencies

On the currencies side, the US dollar ended mostly higher against its peers, after the US building permits advanced to its highest level since March 2007 in January.

The euro ended higher against the USD, after the Eurozone current account surplus widened in December.

Gold prices rose last week, as investors sought refuge in the safe-haven asset, amid rising concerns over the impact of coronavirus outbreak on global economic growth.

Cryptos

Cryptocurrencies had a difficult week, with most major currencies seeing losses following their impressive run since the beginning of the year.

That wraps up another weekly market update.

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