Forex Today: Fed Fears Trigger Stock Dip

• The U.S. Federal Reserve released the minutes of its recent policy meeting. Committee members expressed fears over economic growth, suggesting the success of coronavirus containment efforts will be the major determinant of growth. Stocks dipped and the U.S. Dollar rose upon the release, although the Dollar had been recovering previously.
• All major U.S. stock indices failed to close at new highs yesterday.
• The U.S. Dollar has recovered quite strongly from its lows yesterday but remains within a long-term bearish trend which is likely to continue.
• The EUR/USD and GBP/USD currency pairs have fallen quite sharply in recent hours, after advancing to new highs earlier this week.
• The tech giant Apple (NASDAQ:APPL) has become the first U.S. company ever to reach a valuation of $2 trillion.

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• Coronavirus global death tolls are showing signs of starting to fall from their recent peak earlier in August, with deaths in Latin America and the Caribbean at 43% of the global daily total, well exceeding those in both the U.S.A. (18%) and Europe (approx. 5%) which shows that the epicenter of the pandemic is well established in Latin America. Deaths in the U.S.A. have stabilized over the past three weeks, and the number of new cases reported daily has fallen.
• Total confirmed new coronavirus cases stand at over 22.4 million with an average case fatality rate of 3.51%. The number of daily new cases has still not exceeded the all-time high made on 31^st July. Global mortality over recent weeks is lower than it was during the first peak in April.
• Brazil and the U.S.A. are the two countries with the highest number of new daily coronavirus deaths.
• The rate of new coronavirus infections appears to now be increasing most quickly in Austria, the Bahamas, Belize, Bulgaria, Colombia, Costa Rica, Croatia, Ethiopia, France, Georgia, Germany, Greece, India, Indonesia, Iraq, Jordan, Lebanon, Morocco, Netherlands, Nepal, Paraguay, Peru, Philippines, Poland, Slovakia, Slovenia, South Korea, Spain, Sudan, Sweden, Trinidad, Tunisia, Ukraine, and Venezuela.