Month: March 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 […]

The US Dollar was able to keep most of the gains its made overnight though worries over the Coronavirus pandemic have kept market players on edge. On a global basis, the virus has been reported in at least 140 countries, with nearly 200,000 confirmed cases and more than 7,500 deaths. […]

Japanese exports fell for the 15th consecutive month in February, as shipments to the United States and China contracted. The trade balance had a surplus of 1.110 trillion yen, the biggest since September 2007. According to the data released by the Japanese Ministry of Finance, exports fell by 1 percent […]

The United States has enjoyed historically low unemployment rates in recent years, but Treasury Secretary Steven Mnuchin warned Republican senators on Tuesday that this situation is likely to crash and burn if a proper stimulus package is not passed. He predicted unemployment rates of up to 20 percent if no […]

Analysts say that the Japanese Yen as a safe haven asset could move lower on signs that global policymakers are prepared to proactively provide economic support. Analysts warn, however, that any confidence in the financial markets is still extremely fragile, and there is certain to be more turbulent days ahead […]

The United Kingdom’s Office for Budget Responsibility, Charlie Bean said on Tuesday that he doesn’t think that a cash rate cut would aid Britain’s economy in the short run, instead, the government should focus on implementing credit measures. During a speech he gave to the British lawmakers in the parliament, […]