It is not an easy task to measure the economic impact of coronavirus. Investors as well as analysts are trying to analyze as much information to have a better understanding of the impact of coronavirus. This process will take several weeks or even months. It is hard to say for how long the virus will …
The U.S. dollar rose again on Tuesday, rebounding versus the Japanese yen and hitting new highs against riskier currencies. It seems, traders chose the most liquid currency amidst very fragile sentiment. Investors are very concerned as the market liquidity was tight and coordinated moves by central banks failed to subdue anxiety about the coronavirus pandemic. …
The U.S. Dollar Recovers After The Fall Down on Monday Read More »
The price of gold and silver registered sharp falls at the beginning of the new week, hit by general sales in all markets, in a context of extreme financial volatility not seen in decades. Gold dropped about 4% to $ 1,478 an ounce, its lowest level since December 2019. The price of silver plummeted around …
Investors Sell Everything to get Cash as Quickly as Possible Read More »
New Zealand is a developed country, a lot of people in the world have at least some knowledge about the country, especially rugby fans. As in the case of other countries, the ongoing coronavirus pandemic created additional pressure on the local economy. Country’s government announced a spending package equivalent to 4% of New Zealand’s gross …
Officials in China as well as in other parts of the world introduced strict measures to contain the epidemic. China’s economy was slowing down even before the coronavirus. However, the ongoing crisis created even bigger issues for the local economy. Stock markets in Asia and across the world have to cope with various problems. The …
Zimbabwe’s Central Bank and Crypto Regulations The Republic of Zimbabwe, more precisely local authorities are ready to change their attitude towards the crypto industry. This information comes from the deputy director for financial markets and national payment systems at the Reserve Bank of Zimbabwe. Josephat Mutepfa commented on this issue. According to Mutepfa, the bank …
The Chinese Yuan rose slightly after the dollar fell again. The yuan traded at 7.0131 per dollar in the offshore market, as bulls awaited key Chinese economic data. China planned to release several important economic indicators that should reveal the scale of damage caused by the coronavirus late on Monday. Meanwhile, the Reserve Bank of …
The Chinese Yuan rose slightly against the U.S. Dollar Read More »
On Sunday, the U.S. Federal Reserve made the decision to cut its target interest rate to zero. However, this decision was not enough to improve the market sentiment, as stock markets are back in panic. Stock markets across the Asia Pacific region declined on Monday. The S&P/ASX 200 in Australia suffered as the subindex fell …
The Crypto industry is developing, and as crypto-related companies continue to expand their services. On Monday, the major cryptocurrency exchange and partner firm of stablecoin Tether Bitfinex announced that it listed Fulgur Alpha. Bahamas-based crypto hedge fund Fulgur Alpha is currently worth $280 million. Based on the information provided by the Bitfinex, the hedge fund …
The U.S. dollar declined against a whole basket of currencies on Monday after the U.S. Federal Reserve made another surprise interest rate cut. Major central banks also took steps to relieve the shortage of dollars in financial markets, serving as another catalyst. The dollar dropped by 1.5% to 106.35 yen early on Monday in reaction …
U.S. dollar fell against Yen and Euro due to Fed rate cut Read More »
Extensive purchases of masks and sanitizers by people to cope with the virus outbreak has caused these products to disappear from the market. Consequently, their prices have increased. Moreover, merchants are selling items, regardless of the rates set by the government. Since demand for the face masks and sanitizers has risen in the market, profiteers …
Over the weekend, Alphabet’s Verily launched a novel coronavirus (COVID-19) screening and testing website in the San Francisco Bay Area. Users need to have a Google account and agree with potential information sharing to quality for the screening. The website is a result of a collaboration between the Bay Area biotech company and California’s governor’s …
The aviation industry is struggling to minimize the impact of coronavirus. However, it is a very serious task, even for the largest companies in the world. United Airlines it the third largest airline in the world when it comes to fleet size and route network. Moreover, United Airlines is a founding member of the Star …
Investors are closely monitoring the situation to learn more about the impact of Coronavirus on the stocks. Stock markets across the Asia Pacific region were mixed on Friday. Some of them strengthened their positions while others fell due to the ongoing situation. For instance, Australia’s S&P/ASX 200 index made a dramatic comeback as it recovered …
The U.S. dollar increased against commodity currencies after a recent downfall. It fell a few days ago after the World Health Organization named the outbreak as a pandemic, causing panic among investors. Australia announced it would pump 11 billion Aussies in fiscal stimulus into its economy by June, trying to combat the virus’ impact. Nonetheless, …
U.S. Dollar Rose, The Aussie Lowered, But How About Euro? Read More »
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