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Dollar Demand Weakens as Stimulus Measures Mount

Friday,   27-Mar-2020   02:30 (IST)

The dollar fell further in early trading in Europe Friday, as the likely passage of a $2.2 trillion U.S. package helped soothe worries of a global recession following the coronavirus outbreak and also looked set to increase the Federal Reserve’s balance sheet substantially. At 3:55 AM ET (0755 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 99.565, rebounding a touch after sharp losses overnight. It is trading below the 100 level for the first time since March 18.The index is down some 4% from a week ago. If sustained by the end ...

Dollar climbs down as panic subsides, on course for biggest loss in decade

Friday,   27-Mar-2020   09:24 (IST)

The dollar is on track for its biggest weekly fall in more than a decade on Friday as a series of stimulus steps around the world, including a $2.2 trillion U.S. package, calmed a panic over a global ...

Euro Benefits From Talk of 'Corona' Bonds

Thursday,   26-Mar-2020   02:02 (IST)

The euro has posted gains Thursday amid talk of a new debt instrument to combat the coronavirus outbreak as the death toll rises and the economic damage becomes more stark. At 4:10 ET (0810 GMT), EUR/...

Dollar falls before jobless claims, investors await stimulus

Thursday,   26-Mar-2020   09:14 (IST)

The dollar fell against the yen and the euro on Thursday before data expected to show a surge in U.S. claims for unemployment benefits as companies lay off workers due to the rapid spread of the coron...

Dollar Retreats After Fed Package; Sterling Strengthens

Tuesday,   24-Mar-2020   02:22 (IST)

The U.S. dollar has retreated Tuesday, weighed down by the latest hefty rescue package from the U.S. Federal Reserve, at least for now. At 03:55 ET (0755 GMT), EUR/USD traded at 1.0833, up 1%. The U.S...

Battered sterling recovers against dollar, PMI in focus

Tuesday,   24-Mar-2020   01:55 (IST)

Britain’s pound rallied against the dollar and was on steadier ground versus the euro on Tuesday, winning a respite from a battering in recent days. Sterling, along with most currencies, has see...

Pound Rises on Stricter Lockdown Measures; Dollar Drops on Unlimited QE

Tuesday,   24-Mar-2020   10:51 (IST)

The pound rebounded on Tuesday following reports that U.K. Prime Minister Boris imposed stricter lockdown measures to combat the COVID-19 pandemic. The GBP/USD pair was up 0.8% to 1.1636 by 12:10 AM E...

Dollar near three-year peak amid mad cash scramble

Tuesday,   24-Mar-2020   09:12 (IST)

The dollar eased on Tuesday but remained near a three-year high against a basket of currencies as investors sought the world's main funding and settlement currency ahead of a sharp anticipated fal...

Sterling takes another tumble as investors seek safety in dollars

Monday,   23-Mar-2020   04:46 (IST)

The British pound weakened on Monday, heading back towards the 35-year lows hit last week as investors rushed to buy the U.S. dollar amid another round of panic about the economic hit from the coronav...

Dollar up but doubts about U.S. stimulus vote narrow gains

Monday,   23-Mar-2020   04:03 (IST)

The dollar held gains against most peers on Monday as fresh declines in stocks accelerated the flight to cash, although it lost ground against the euro and yen as U.S. lawmakers failed to pass a stimu...