Swiss sight deposits are money that commercial banks park with the central bank overnight.
Possible global recession triggered a surge in demand for the US dollar.
The Australian dollar plunged 3% against the US Dollar on Thursday.
The US dollar has managed to rise on Tuesday, benefitting from demand from traders after a lackluster Monday trading.
Morgan Stanley strategists suggested the time has come to sell the US dollar.
Norwegian Krone plummeted 9% on FX Market Thursday following COVID-19 outbreak and the sharp dip in oil price. Economic indicators in Norway are following the oil…
US stocks dropped due to public disappointment on Trump’s stimulus measures.
European Central Bank is expected to offer economic stimulus in the light of COVID-19 outbreak.
The Bank of England cuts interest rates to counter the impact caused by COVID-19.
The Russian ruble plummeted almost 10% due to falling oil prices.
CAD falls in the forex market as crude oil prices downtrends with the Dow Jones and S&P 500.
Sensex upsurges after policy makers pledge. Recent global policy responses to the outbreak have boosted Asia stocks’ performance.
Safe-haven currencies are seen gaining altitude in sessions this Tuesday’s trading in the FX market.
Experts are debating whether the Reserve Bank of Australia (RBA) will cut its official interest rates tomorrow.