Day: March 19, 2020

The Swiss National Bank decided to leave the cash rate unchanged at -0.75 percent, leaving the 3-Month Libor Target Range unchanged between -1.25% to -0.25%. On its monetary policy assessment, the Bank claimed that the Swiss Financial system has sufficient liquidity and that it will do whatever is necessary to […]

The U.S. dollar hit fresh highs against the Australian and New Zealand dollars on Thursday as traders sought cash due to continued coronavirus panic. The Australian dollar hit a 17-year low as the greenback surged 1 percent, and the New Zealand dollar hit an 11-year low while the greenback jumped […]

Panic selling by FX trades sent high-risk currencies tumbling to multi-year lows during London trade on Thursday. Both the Aussie and Kiwi Dollars were hit hard as sentiment continued to erode as fears of a global recession weigh. Earlier, the Australian central bank announced efforts to stabilize prices through a […]

On Wednesday the price of Brent crude fell to $26.01 per barrel its lowest level since September 2003. U.S. WTI futures dropped to $22.73 per barrel, their lowest levels since March 2002. The declines were prompted by continued reductions in demand thanks to closures due to the coronavirus, as well […]

Here is a recap of important news items and market movements from across the globe on Thursday, March 19, 2020:   – The global coronavirus pandemic continues to spread exponentially within Europe and from its epicenter in Europe, with more and more countries imposing lockdowns and restrictions which are causing very […]