U.S. dollar rallies as global easing policies give short-term reprieve
China’s offshore yuan fell after the Chinese central bank cut a key interbank interest rate, while Singapore’s central bank aggressively eased monetary policy as well on Monday.
Dollar gives up losses as coronavirus spreads across U.S
The virus spread beyond the hot spots of New York, California and Washington state as Louisiana and Iowa were declared federal disaster areas.
Investors have taken...
Battered sterling wins a respite for time being
Sterling, along with most currencies, has seen a massive wave of selling against the U.S. dollar, the world’s most liquid currency and the safe haven of choice when confidence...
Dollar erases losses as stocks plunge again
A 9% rally by the dollar over the past two weeks ended on Friday after major central banks stepped up their dollar injection facilities to cope with a global...
Dollar set for biggest winning streak in nearly three decades on funding concerns
Sterling GBP=D3 teetered near its lowest point since at least 1985 against the greenback, while the Australian dollar AUD=D3 tumbled to a 17-year low and the New Zealand dollar NZD=D3 was at its weakest in...
Dollar surges as companies scramble for liquidity during pandemic
The Federal Reserve on Sunday slashed rates to zero and launched a new bond purchase programme. Other central banks have taken similar measures but the moves have so far...
Yen jumps as traders seek safety despite Fed’s slashing rates
The Fed cut U.S. interest rates on Sunday and said it would expand its balance sheet by at least $700 billion in the coming weeks.
The...
Dollar skids as Trump’s virus response disappoints
The greenback dropped as far as 1% to 103.32 yen, fell as much as 0.6% to $1.1333 against the euro and lost 0.6% to the safe-haven Swiss franc.
Dollar resumes decline; sterling rebounds after BoE rate cut
Central banks and governments around the world are scrambling to limit the economic damage of the coronavirus outbreak, which has sent stock markets into a tailspin as investors head...
U.S. dollar struggles as traders price in more Fed cuts
The Fed had mentioned the epidemic 48 times in its latest Beige Book report, suggesting policymakers were highly concerned about the economic damage of the disease.
