Archives of “Fiat” tag

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Italian autos, fashion companies may reopen next week – report

  
  Analysis
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La Stampa reports on the matter

I haven’t seen any official details on this just yet but just something to take note, as the pressure on the government continues to mount in recent days.

Italy announced an extension to lockdown measures to 3 May but businesses are getting nervous and anxious about the decision, hoping for better news as the virus trajectory begins to slow down over the past few days.
Although lockdown measures were extended, businesses such as timber companies, bookshops and stores selling children’s supplies are allowed to reopen starting from today.

Chinese yuan rises to the highest levels since mid-August

  
Analysis, Forex
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USD/CNH falls below the 100-day moving average

USD/CNH falls below the 100-day moving average
Here’s your chart of the day.
USD/CNH is down 0.2% today and the decline has taken out both the Sept low, the Oct low and the 100-day moving average.
Notably, it’s the first time below the 100-dma since the broke on gap when Trump tweeted to restart the trade war. The next big hurdle is 7.000 but we’re on the way.
Take it as a great sign for global growth and risk trades.
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