Monthly archive April, 2020

The U.S. dollar lost ground against its peers on Thursday after the Federal Reserve set up a $2.3 trillion stimulus program to support the economy amid the coronavirus pandemic.Original Article Read More →

Industrial production from Germany is due on Tuesday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's industrial production data. Economists forecast production to fall 0.9 percent on month in Read More →

Australia's central bank maintained its interest rate and the target yield on three-year government bonds as it expects the economy to register a "very large" contraction in the second quarter due to the disruption caused by the coronavirus, or Covid-19, Read More →

S&P Global Ratings downgraded the outlook on Australia's sovereign ratings to negative from stable as the outbreak of coronavirus, or COVID-19, weakens public finances. The rating agency said the downgrade reflects a 'substantial deterioration' of its fiscal headroom at the Read More →

France's economy collapsed in the first quarter as the sharpest pace since the World War II as the spread of the coronavirus, or Covid-19, and the consequent lockdown hurt economic activity, Bank of France said Wednesday. Gross domestic product shrunk Read More →

The U.S. dollar stayed above the unchanged line right through the session on Wednesday. The greenback's display of strength was due largely to its safe-haven appeal amid uncertainty about the virus pandemic infection easing anytime soon.Original Article Read More →