Bloomberg) -- For investors wondering how markets can keep rallying in the midst of economic disaster, just look to the weakening dollar. Its descent to a three-month low is adding a pillar of support to the bullish foundations powering risk assets across the globe this week. Emerging markets, commodities and equities have surged as money managers look beyond unemployment headlines, and focus on central bank stimulus and business reopenings.
By Geoffrey Smith Investing.com -- The European Central Bank said Thursday it will increase the size of its main pandemic-fighting bond purchase program by 600 billion ($672 billion), ramping up its efforts to support a Eurozone economy that is expected to shrink by more than 8% this year. The ECB also said after its regular council meeting that it will stretch the purchases under the Pandemic Emergency Purchase Program out until at least the middle of next year. "In ...
By Fabian Cambero SANTIAGO (Reuters) - Chile's central bank said on Wednesday it was speaking to its U.S. and Chinese counterparts to increase flexibility in foreign exchange operations as the coronavirus pandemic ravages the nation´s once-stable economy. The bank said it had asked the New York Federal Reserve to register for overnight repo operations to facilitate credit swaps, announced in March to help foreign central banks during the crisis to exchange their holdings ...
GBP/EUR Exchange Rate Muted Ahead of ECB Announcement The Pound to Euro (GBP/EUR) exchange rate is mostly rangebound this morning as markets brace for the European Central Bank’s (ECB) policy announcement later this afternoon. At the time of writing the GBP/EUR exchange rate is trading at around €1.1171 , virtually unchanged from this morning’s opening rate. Euro (EUR) Poised […] The post GBP/EUR Exchange Rate Forecast: ECB’s €500bn Top-Up of PEPP Scheme to Bolster the Euro? appeared ...
By Peter Nurse Investing.com - The dollar has gained some buyers in early European trade Thursday, as tensions between China and the U.S. flared up again overnight, but gains against the euro have been limited ahead of the European Central Bank meeting.
Blog Categories
Recent Visitors
Go to Profile
Mark as Read