Dollar

World’s top central banks offer three-month dollar…

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Bank of England teams up with central banks in Canada, Japan, Europe, the US and Switzerland in extraordinary co-ordinated global response to coronavirus crisis Banks agreed to offer three-month credit in US dollars cheaper than usual rate   Move follows a surprise rate cut by the Federal Reserve amid Covid-19 crisis  Fed’s move was designed to … Read more

Coronavirus recession looms as $120BILLION is wiped off the ASX and Dollar hits 10 year lows

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At least $120billion has been wiped from Australian shares as a dive in crude oil prices sparked more coronavirus panic and a major bank predicted a recession. The benchmark S&P/ASX200 plunged 6.24 per cent by lunchtime as the Australian dollar fell to its weakest level in 11 years – or since the Global Financial Crisis.  … Read more