Dollar near three-year peak amid mad cash scramble

TOKYO - The dollar eased on Tuesday but remained near a three-year high against a basket of currencies as investors sought the world’s main funding and settlement currency ahead of a sharp anticipated fall in cashflow.

The dollar index stood at 102.14, having dipped 0.3% on Monday but still not far from Friday’s peak of 102.99, its highest level since January 2017.The euro ticked up to $1.0752 after touching a near three-year low of $1.0636 in the previous session. The Fed announced unlimited quantitative easing and programmes to support credit markets on Monday in a drastic bid to backstop an economy reeling from emergency restrictions on commerce.

Not for long once all these mandated shutdowns destroy our economy more than any virus could.

DOES Reuters even realize how STUPID their HEADLINES SOUND? 'IMF sees pandemic causing global recession in 2020, recovery in 2021' Yeah, brilliant. Election year recession, recovery upon new US President Elected. Geniuses of the year award, Not!

об ускорении распространения пандемии коронавируса

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