Economy20 hours ago (Mar 16, 2020 06:44AM ET) (C) Reuters. By Geoffrey Smith Investing.com — The Fed and other central banks open the monetary floodgates, but markets around the world are still in freefall as the coronavirus pandemic spreads across the U.S. and Europe. The rest is just details. Here’s what you need to know […]Read More
Forex23 hours ago (Mar 16, 2020 03:54AM ET) (C) Reuters. By Peter Nurse Investing.com – The U.S. dollar was hit hard Monday by aggressive moves from the Federal Reserve overnight to try and buttress the U.S economy, as the coronavirus disrupts global activity ever more deeply. At 02:55 ET (0755 GMT), EUR/USD traded at 1.1166, […]Read More
ForexMar 16, 2020 01:34AM ET (Bloomberg) — Global financial markets are now in a bottoming phase, and investors should start to add risk and sell the U.S. dollar, according to Morgan Stanley (NYSE:MS). The tightening of financial conditions has been fast and furious, caused by a slump in stock markets and a widening of credit […]Read More
ForexMar 16, 2020 01:24AM ET (C) Reuters. By Alex Ho Investing.com – The U.S. dollar fell on Monday in Asia after the U.S. Federal Reserve slashed its benchmark interest rate to zero and launched a massive quantitative easing (QE) program in an emergency move over the weekend. On Sunday, the Fed shocked investors by announcing […]Read More
PoliticsMar 15, 2020 09:36PM ET (C) Reuters. Democratic U.S. presidential candidates Senator Bernie Sanders and former Vice President Joe Biden at the 11th Democratic candidates debate of the 2020 U.S. presidential campaign in Washington By Trevor Hunnicutt (Reuters) – Joe Biden smiled and reached his elbow out to touch his rival Bernie Sanders’ arm on […]Read More
ForexMar 15, 2020 07:16PM ET (C) Reuters. Dollar weakens after another surprise Fed rate cut By Stanley White TOKYO (Reuters) – The dollar fell against a broad range of currencies on Monday after the U.S. Federal Reserve made another surprise interest rate cut and major central banks took steps to relieve a shortage of dollars […]Read More
ForexMar 14, 2020 12:51AM ET (C) Reuters. Mexico central bank chief flags peso weakness when quizzed on rates MEXICO CITY (Reuters) – Mexico’s central bank will be mindful of a recent slide in the peso currency when mulling its next interest rate decision, Bank of Mexico Governor Alejandro Diaz de Leon said on Friday. Asked […]Read More
(C) Reuters. Factbox: Foreign exchange regimes around the world By Karin Strohecker LONDON (Reuters) – Currency pegs have come under fresh scrutiny once again following a sharp decline in oil prices. Below is a list of some countries which still control their foreign exchange rates. NORTH AFRICA & THE MIDDLE EAST LEBANON: The pound has […]Read More
ForexMar 13, 2020 05:37AM ET (C) Reuters. By Geoffrey Smith Investing.com — The dollar drifted higher against developed-market peers but gave up gains against emerging currencies in early trading in Europe on Friday, as the market digested the Federal Reserve’s pledge to inject $1.5 trillion in reserves into the financial system late on Thursday. The […]Read More
ForexMar 13, 2020 04:49AM ET (Bloomberg) — Emerging signs of a rush for dollars in the global financial system have spurred calls for the world’s central banks to use a key tool deployed during the credit crisis more than a decade ago: currency swap lines. The Bloomberg Dollar Spot Index climbed more than 1% for […]Read More
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