Breaking: Stocks bounce and dollar falls as NY Fed kicks off QE

more to come

Mar 12, 2020

GBP/USD hits fresh five-month low under 1.2500 as USD soars

The GBP/USD continued to slide and reached a fresh five-month low at 1.2489 before rebounding modestly. As of writing, was trading at 1.2530, off lows

US: Fed to slash rates back to 0.00%; recession is increasingly highly – Wells Fargo

Following the events of the last 24 hours, economists at Wells Fargo changed their economic forecasts. Now they see a deeper contraction in US GDP and