The U.S. dollar was higher on Wednesday as U.S. President Donald Trump once again went after the Federal Reserve for not cutting interest rates as much as he would like. Trump said in a tweet that the central bank should cut interest rates to zero or less, calling Fed officials “boneheads.” He said negative interest rates would save the U.S. government money on its debt. Central banks in Europe and Japan introduced negative interest rates in order to try to stimulate the economy, but the lower rates have done little to boost growth or raise inflation in the regions. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, gained 0.4% to 98.653.
28 Feb 2020 05:20 PM
The Indian rupee slipped against the dollar this month amid a broad decline in Asian currencies and equities, on growing alarm over the spread of the coronavirus beyond China and across the globe.
28 Feb 2020 04:37 PM
Indian shares sank on Friday for a sixth straight session, capping their worst week in more than a decade, over fears that the fast-spreading coronavirus outbreak could trigger a global recession.
28 Feb 2020 02:56 PM
The pound dropped on Friday, particularly against the euro, as worries about the fast-spreading coronavirus sent investors out of currencies deemed riskier.
28 Feb 2020 11:28 AM
The yuan eased on Friday, dragged by a massive global selloff in risk assets as investors panicked about the fast spread of the coronavirus, however, growing expectations of a U.S. rate cut slowed the Chinese currency's fall against the dollar.
28 Feb 2020 09:46 AM
Oil prices fell for a sixth straight session on Friday and were on track for about a 12% weekly fall, the biggest in more than four years, as the spread of the coronavirus outside China raised fears of slowing global demand.
28 Feb 2020 09:20 AM
The dollar nursed losses on Friday after its worst day against the euro in nearly two years, as the global spread of the coronavirus fired up expectations for a U.S. rate cut and pushed the hunt for yield elsewhere.