China's president Xi: China needs to increase domestic demand while fighting the virus

Market news

4 March 2020

China's president Xi: China needs to increase domestic demand while fighting the virus

Urges pushing forward major infrastructure projects
Says virus control work shows positive signs
Stresses on need to continue virus control in Hubei and Wuhan
Says control and prevention tasks are still heavy in Hubei and Wuhan
Calls for continued virus controls in major cities including Beijing

USD/CAD: Potential for a move toward 1.35 – TDS

GBP/USD: Still expected to grind lower – UOB

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