The Federal Reserve’s surprise rate cut on Sunday helped to provide the Pound Sterling with a lift during Monday trade in London, but the Pound still remained under pressure against the common currency Euro. With the growing fallout of the Coronavirus already negatively impacting global economies, a number of key […]
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Bank of Japan Eases its Monetary Policy – 16 March 2020
During an emergency meeting, the Bank of Japan decided to ease its monetary policy, as they announced their intention to buy exchange-traded funds “aggressively” and to double the pace of purchases for Japanese real estate trust fund. Besides this, they announced the creation of a new loan program that would […]
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Dollar Plummets on Fed Rate Cut – What’s Next? – 16 March 2020
The U.S. dollar fell by 1.5 percent against the Japanese yen during early trade in Asia on Monday as the markets reacted to the Federal Reserve’s emergency interest rate cut which was announced on Sunday. The dollar also eased against its other primary trading partners including the pound and the […]