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Trading Insider | 6 th April 2020
FOREX TRADING ARTICLE
FOREX TRADING ARTICLE CORONAVIRUS IMPACT ON THE FOREX MARKETS
Corona virus and it’s effect on Forex Markets Update III - The United Kingdom has been placed on Lockdown, effective immediately and enforced by police departments nationwide. The lockdown is expected to last for a minimum of 3 weeks, with restrictions on travel beyond shopping for essentials, daily exercise, and work that cannot be completed from home.
- The United States Federal Reserve has adopted ‘open-ended quantitative easing’ in an attempt to safeguard US debt, and provide investors with a much-needed safety cushion. While the immediate effect is pulling the dollar down, the hope is that in the long-term it will successfully keep the dollar healthy.
- Italy, having been the European country hit hardest by the Coronavirus epidemic, has shown the starting signs of recovery as the number of new cases drops for the second consecutive day. The German government has signed off on a €750 billion economic package to combat the epidemic, and has stated its willingness to rescue Italy.
