The dollar benefited from quarterly and fiscal year-end demand from portfolio managers and Japanese firms, but trading was choppy, with the dollar alternating between gains and losses.
Analysts said the steep fall in U.S. equity markets during March led to increased buying of dollars for asset managers seeking to rebalance their portfolios at the end of the month. Essentially, the Fed is allowing foreign central banks to exchange their holdings of U.S. Treasury securities forIt is one of a slew of measures that the Fed unleashed to address liquidity problems caused by the economic fallout from the coronavirus pandemic.
Tuesday is the last trading day of Japan’s fiscal year and the end of the quarter for major investors elsewhere, which has fueled some volatility as big currency market players close their books.Some analysts believed that the dollar is likely to remain supported as investors brace for a sharp economic downturn in the coming quarters.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South Africa records second COVID-19 death, cases rise to 1 280 - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.South Africa has confirmed a second death from the coronavirus, with the number of infections rising to 1 280. The deceased is a 74-year-old man, who had been in the Intensive Care Unit (ICU) and ventilation at a private hospital in Ladysmith, KwaZulu-Natal. FlattenTheCurveTogether 👇 Jesus Christ 😷 OMG
Source: SABC News Online - 🏆 32. / 51 Read more »
J&J, Moderna sign deals with US to produce possible coronavirus vaccines - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The US government has cut deals with Johnson & Johnson and Moderna Inc and said it is in talks with at least two other companies to expand manufacturing capacity within the United States for vaccines to prevent the new coronavirus even before safe and effective ones become available. As much as we want the antidote is as much as we want to know the root cause of covid 19, it all goes down to deals, sm has hit the jackpot. How can they sign a deal to make vaccines while the US still struggling to make test kits? Pharma & insurance companies will profit greatly on this corona-vaccine. Learn from Rwandans, people first before profit. In SA there's no proactive measures for the nation as yet but already WMC are busy capitalizing on this pandemic.
Source: SABC News Online - 🏆 32. / 51 Read more »
Newsdeck: Six members of U.S. Congress diagnosed with coronavirusWASHINGTON, March 30 (Reuters) - At last six members of the U.S. Congress have announced that they have contracted the novel coronavirus, and more than 30 others are or were self-quarantining in hopes of limiting the spread of the pandemic.
Source: dailymaverick - 🏆 3. / 84 Read more »
US government calls on its citizens in SA to register for repatriationThe Trump administration has ordered all American citizens in SA to come forward to be repatriated so they can be evacuated. I call upon all WHITE and INDIAN MINORITY and to do the HONORABLE thing. Which I was born in the USA!!! Please take me!!! Let them go. Immediately
Source: TheCitizen_News - 🏆 6. / 75 Read more »
Some US megachurches defy social distancing, while others live-streamCongregants attend services in Louisiana, Ohio and Florida despite warnings over pandemic
Source: BDliveSA - 🏆 12. / 63 Read more »
Trump says US won't pay Harry and Meghan's securityPresident Donald Trump said the United States would not pay security costs for Prince Harry and his wife Meghan. They made their own bed...suck it up HarryandMeghan and this news why? Ron Swanson is proud:
Source: eNCA - 🏆 49. / 51 Read more »