Wednesday, 15 Apr 2020 09:19 AM MYT
The greenback also remains under pressure following heavy measures by the Federal Reserve to boost dollar supply, however, analysts say it is too early for a full-scale retreat from safe-havens with the public health threat not yet eliminated. Daily fatalities in the United States from the coronavirus have fallen sharply, and states are making plans to get businesses open again.
Another factor weighing on the dollar is the large amount of greenback liquidity provisions, credit backstops, and monetary easing the US central bank has unleashed in the past month to contain the economic damage caused by the pandemic.
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