Commodity News
HeadLine : Dollar near 3-year peak amid mad cash scramble
Date : Mar 24 2020
Market reaction was mixed to the U.S. Federal Reserve's extraordinary array of programmes, its third emergency move this month. The dollar index =USD stood at 102.14, having dipped 0.3% on Monday but still not far from Friday's peak of 102.99, its highest level since January 2017. The Fed announced unlimited quantitative easing and programmes to support credit markets on Monday in a drastic bid to backstop an economy reeling from emergency restrictions on commerce. The programme includes purchases of corporate bonds, guarantees for direct loans to companies and a plan to get credit to small and medium-sized business. the move is likely to mitigate the blow for many companies in the long-run, investors remained on edge amid uncertainty about the extent of the pandemic. 

source : Investing
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