The broad Dollar slumped on Monday after the Federal Reserve (Fed) announced a surprise decision to cut its interest rate back to zero and formally relaunch its quantitative easing (QE) program, prompting sharp gains for the Pound-to-Dollar rate.
March 16,2020
The Pound-to-Dollar rate closed its worst week since the Brexit referendum Friday after suffering a near-6% loss but it faces a pickup in volatility as national 'epidemic curves' rise and fall in the week ahead and ultimately, the risk of further steep declines as the UK epidemic gathers pace.
March 15,2020
The Dollar and safe-haven U.S. bond fell stalled late on Friday as stock and oil prices rallied into the weekend after President Donald Trump declared a national emergency and announced a range of emergency measures to bolster the U.S. economy as it grapples with a coronavirus outbreak.
March 13,2020
The Pound-to-Dollar rate crashed through a key level on the charts Friday amid broad weakness in the British currency and strong demand for the greenback as the market mood turned sour again ahead of the weekend break.
March 13,2020
The Federal Reserve (Fed) has launched a fourth round of quantitative easing, according to Pantheon Macroeconomics, in the wake of a savage stock market sell-off and a viscious surge in Dollar exchange rates that might now be liable to further unwind as the penny drops in Europe on Friday.
March 13,2020
The Dollar surged at a shock-and-awe-inspiring pace against other currencies on Thursday, subjecting the Pound-to-Dollar rate to its largest one-day decline since the 'flash crash' of October 2016 in the process, amid as risk asset hemorrhaged more capital and investors flocked toward liquidity and perceived safety of the greenback.
March 12,2020
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