Commodity News
HeadLine : Dollar falls before jobless claims, investors await stimulus
Date : Mar 26 2020
The pound extended declines against the euro and the dollar due to worries that Britain is not prepared to deal with an increase in coronavirus cases after the flu-like illness ravaged health care systems in Italy and Spain. The Australian and New Zealand dollars, both of which are closely liked to the global commodity trade, fell against their U.S. counterpart as traders avoided taking on excessive risk. Investors are anxiously awaiting the passage of a $2 trillion U.S. stimulus package to offset the economic impact of the coronavirus pandemic, but there are already indications that some U.S. states will need more money for medical supplies as the health care system struggles to cope. The German lower house on Wednesday suspended the country's debt brake and approved a debt-financed supplementary budget of 156 billion euros to pay for healthcare and keep companies afloat.

Source : Investing
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