Year: 2020

Here are the latest Forex and market news around the globe for March 24, 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 significant economic damage. A global […]

The dollar recovered from earlier losses and headed near to a three-year high during London trade on Monday as a selloff in equities worldwide continued to ripple. That self-off helped to raise the greenback’s safe-haven appeal; the greenback has experienced a major rebound against most of its major rivals, rising […]

The European Central Bank’s Governing council member, Ignazio Visco said on Monday that the recent measures that the bank took against the effects of the coronavirus outbreak are sufficient and effective. Nevertheless, the bank is ready to implement further measures if necessary. “The set of measures adopted has been effective […]

President Donald Trump’s flamboyant $1-trillion+ coronavirus relief bill failed to pass in the Senate on Sunday, receiving widespread criticism from Democrats that the bill offered more relief to corporations than it did to citizens and smaller businesses. Democrats also charged that more assistance was needed for state and local governments […]

Get the market news and latest updates around the globe with our market briefing for March 23, 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 significant economic […]

Economists polled by Reuters believe that the global recession has already started, reports published on Friday revealed. The COVID-19 virus that has spread globally has sparked some of the deepest emergency stimulus measures in history, and the measures have been implemented worldwide. Panic selling has plagued the markets, sending stock […]

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 […]