(Bloomberg) -- Two of Europe’s most cash-strapped countries are stepping up bond sales to fund the surge in spending needed to shore up their pandemic-battered economies.
(Bloomberg) -- Britain posted a record budget deficit in April as the government unleashed an unprecedented package to prevent the collapse of the virus-stricken economy. The budget deficit stood at 62.1 billion pounds ($76 billion) last month, the Office for National Statistics said Friday. The figure is equal to the total borrowing in the whole of the previous fiscal year.
By Stanley White TOKYO (Reuters) - The dollar nursed losses against major currencies on Tuesday after encouraging data from the trial of a vaccine for COVID-19 reduced safe-haven demand for the greenback
Bloomberg) -- Despite billions spent by the Swiss National Bank to curb the franc’s advance, traders pushing the currency toward parity with the euro might have their way. With the global economy in recession and the euro area risking a new debt crisis, the currency -- a popular haven -- has already risen more than 2% against the euro this year. Options data suggest the pair may soon be on equal footing for the first time since 2015.
By Julien Ponthus LONDON (Reuters) - The dollar edged down on Monday as optimism about the re-opening of economies hit by the coronavirus pandemic boosted risk appetite, lifting commodity currencies such as the Norwegian krone. The gradual easing of lockdowns has fuelled optimism across global markets despite fresh trade tensions between the United States and China
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