From CNN Business' Matt EganThe world is a scary place right now. So scary that investors can't get enough US dollars: Demand for the greenback, the world's safe haven currency, is through the roof.
The Federal Reserve responded to the shortage on Sunday by lending out dollars at near-zero rates to five major foreign central banks.Australia, Brazil, Denmark, South Korea, Mexico, Norway, New Zealand, Singapore and Sweden. The goal is to prevent a liquidity crunch that chokes off credit to the coronavirus-battered economy.to each central bank forThis is on top of the Fed's existing dollar liquidity swap lines with Canada, England, Japan, Switzerland and the European Central Bank."designed to help lessen strains in global US dollar funding markets,"
lowering the risk that this stress hurts the supply of credit to businesses and households -- at home and abroad.
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Give the President some credit for doing more than any other world leader to stop the spread of this virus. Your bias could use some toilet paper. Just dropped your app CNN 😡
Thanks China
o dear, the gambling with other folks' money isn't working out these days. the capitalist world is one big casino.
aMarianaAzevedo
GRANDMA SAYS Watching CNN right now. Only see Poppy. Is Jim Sciutto sick? Poppy hasn't mentioned him.agrandmasaysnote cnn
Stock Markets should be shut down. We are in a world health crisis and there is no place for people who want to speculate with it.
We all need to pray that the TrumpSlump ends quickly and the market recovers.
Thank you president Trump for your leadership!!!
Don’t forget that Trump believes these losses fall squarely on the president!
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