, having dropped 0.99% in the previous session.Markets were spooked after U.S. President Donald Trump’s dire press briefing late Tuesday, in which he warned Americans of a “painful” two weeks ahead in fighting the coronavirus even with strict social distancing measures.
“With only a few actual data points so far, the results indicate this is looking more like a depression than a garden-variety recession.” The next jobless claims data release due at 1230 GMT on Thursday is expected to show another 3.50 million applications during last week.“As we’ve seen yesterday, a deterioration in the U.S. economic outlook is likely to lead to strength in the yen against the U.S. dollar,” said Shin-ichiro Kadota, senior strategist at Barclays.
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Dollar up, but yuan sluggish as traders skeptical of China PMI bounceThe dollar rose against the yen on Tuesday as Japanese investors and companies rushed to cover a shortage of the U.S. currency before their fiscal year end, but sentiment remained fragile as the global coronavirus crisis showed no signs of abating. SEC_Enforcement up up and away ! Who can blame them? If history has taught anything, it's to wait for a three month period before believing anything related to the Chinese government and economy. Don’t let investment banks sway you into buying usd$ dollar, that currency is worth nothing, buying a dollar is a guaranteed loss. Goldman, morgan, and other investment advisors already have enough yuans in their own portfolios. They’re trying to increase value of $ for cheaper ¥
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Bank of Korea's dollar auction from Fed swap not fully taken upThe Bank of Korea's $10 billion auction of U.S. dollars for an 84-day term from the new currency swap with the Federal Reserve drew only $7.92 billion of bids, lent at 0.9080%, the bank said on Tuesday. That’s not good. ah, Darmok & Jalad at Tanagra.
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Stocks making the biggest moves midday: Dollar Tree, RH, Amarin, Conagra, Noble Energy & moreThese are the stocks posting the largest moves in midday trading. GGevirtz all of us would too if the feds kept pumping us up with money where's it all coming from?
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Dollar Tree Killed Off Online Ordering When Coronavirus Struck—Now It’s Paying For ItDollar Tree effectively shut down its website and announced that it would no longer take online orders when the coronavirus struck—now it's paying for it Do you need to convert PSD to HTML or XD to HTML or Ai to HTML or JPG/PNG/PDF to HTML with Bootstrap 4 support? Please click here: I doubt they were ready for the onslaught of online orders so they rolled the dice and lost. Ecommerce is probably not their strong suit. Good old fashion brick and mortar business model
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Dollar rallies as investors brace for global downturnThe dollar gained broadly against riskier currencies on Wednesday, with markets staring at what is likely to be one of the worst economic contractions for decades as the world locks down to fight the coronavirus pandemic.
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U.S. dollar gains as global recession loomsThe dollar advanced on Wednesday, with markets bracing for what is shaping up to be one of the worst economic contractions in decades as the world confronts the coronavirus pandemic.
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