 |
|
|
|
| Commodity News |
| HeadLine : |
Dollar slides after Trump bans travel from Europe to fight virus |
| Date : |
Mar 12 2020 |
Trump on Wednesday suspended all travel from Europe to the United States for 30 days starting on Friday in order to fight the coronavirus. In a televised address to the nation, he said the restrictions applied to all of Europe, excluding the United Kingdom. Trade would not be affected by the curb. The U.S. move comes on top of a string of increasingly dire news on the coronavirus that has ended the longest bull run in U.S. stockmarket history and sent world markets into turmoil. Australia on Wednesday announced an $11.4 billion stimulus package including wage subsidies and cash payments to small businesses. Investors expect the ECB will cut its main deposit rate by 10 basis points. But it is no certainty since rates are already at a record-low -0.5% and further cuts could hurt bank margins and so squeeze lending.
Source : Investing
|
|
|
News Archives:
|
|
|
|
|