The dollar benefited from quarterly and fiscal year-end demand from portfolio managers and Japanese firms, but trading was choppy, with the dollar alternating between gains and losses.
Analysts said the steep fall in U.S. equity markets during March led to increased buying of dollars for asset managers seeking to rebalance their portfolios at the end of the month. Essentially, the Fed is allowing foreign central banks to exchange their holdings of U.S. Treasury securities forIt is one of a slew of measures that the Fed unleashed to address liquidity problems caused by the economic fallout from the coronavirus pandemic.
Tuesday is the last trading day of Japan’s fiscal year and the end of the quarter for major investors elsewhere, which has fueled some volatility as big currency market players close their books.Some analysts believed that the dollar is likely to remain supported as investors brace for a sharp economic downturn in the coming quarters.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
South Africa records second COVID-19 death, cases rise to 1 280 - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.South Africa has confirmed a second death from the coronavirus, with the number of infections rising to 1 280. The deceased is a 74-year-old man, who had been in the Intensive Care Unit (ICU) and ventilation at a private hospital in Ladysmith, KwaZulu-Natal. FlattenTheCurveTogether 👇 Jesus Christ 😷 OMG
Herkunft: SABC News Online - 🏆 32. / 51 Weiterlesen »
J&J, Moderna sign deals with US to produce possible coronavirus vaccines - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The US government has cut deals with Johnson & Johnson and Moderna Inc and said it is in talks with at least two other companies to expand manufacturing capacity within the United States for vaccines to prevent the new coronavirus even before safe and effective ones become available. As much as we want the antidote is as much as we want to know the root cause of covid 19, it all goes down to deals, sm has hit the jackpot. How can they sign a deal to make vaccines while the US still struggling to make test kits? Pharma & insurance companies will profit greatly on this corona-vaccine. Learn from Rwandans, people first before profit. In SA there's no proactive measures for the nation as yet but already WMC are busy capitalizing on this pandemic.
Herkunft: SABC News Online - 🏆 32. / 51 Weiterlesen »