According to sources, the head of the European Central Bank Christine Lagarde asked the European Union finance ministers on Tuesday evening to consider issuing bonds to face the effects of the coronavirus outbreak. “She said that we should seriously think about it, next to the use of the ESM (bailout […]
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US Efforts Ease Worries, Push Dollar Lower – 25 March 2020
The US Dollar was broadly lower for a third straight day during London trade on Wednesday as the latest stopgap measures has been tentatively agreed to by the US Senate and is scheduled for a vote later in the day. That deal is worth about $2 trillion and promises to […]
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Dollar Still Faces a Rocky Road – 25 March 2020
Despite measures from the U.S. government to bailout the country’s economy, the U.S. dollar still shows potential for significant volatility in the coming days, as traders vacillate between favoring the greenback and shedding the dollar in favor of safer assets. Traders dumped the dollar on Tuesday after the Federal Reserve […]
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Forex Today: Markets Affected by High Volatility – 25 March 2020
Check out our daily recap of the latest Forex and market news around the globe for Wednesday, March 25, 2020 here. – The global coronavirus pandemic continues to increase exponentially from its epicenter in Europe and the U.S.A, with more and more countries imposing severe restrictions which are causing very […]