Yen firm, riskier currencies wobble as policymakers grapple with pandemic
TOKYO - The safe-haven Japanese yen ticked down and some risk currencies won a brief reprieve on signs of more economic support from policymakers, though choppy conditions on Tuesday underlined fragile confidence in markets frazzled by days of turbulence.
New Zealand said it would pump NZ$12.1 billion , or 4% of gross domestic product, into the economy to slow a contraction expected from business disruptions caused by the coronavirus outbreak. As a result, trading in most markets including foreign exchange is being driven more by loss-reduction and other position unwinding to reduce risks or make up for losses, rather than fresh bids, market players said.
The British pound is also under pressure, dogged by worries about not only Britain’s exit from the European Union but also its sizable current account deficit., down 0.2% and near a five-month low of $1.2203 hit in the previous session.MSCI emerging market currency index .MIEM00000CUS dropped 0.2%, staying at its lowest level since late 2018.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
This is a wounded, fragile stock market raging for a proper policy responseCNBC's Michael Santoli surveys the market wreckage.
Consulte Mais informação »
Plunging stock market futures hit 'limit down' — Here's what that meansContracts on the S&P 500 dropped 5%, reaching a 'limit down' band that made by the CME futures exchange to prevent further losses.
Consulte Mais informação »
Universal Making ‘Invisible Man’, ‘The Hunt’ & ‘Emma’ Available In Home On Friday As Exhibition Braces For Shutdown; ‘Trolls’ Sequel To Hit Cinemas & VOD Easter WeekendIn an unprecedented crunch of the theatrical window as several markets across the U.S. close down in response to safety from the coronavirus as well as worldwide, NBCUniversal’s Universal Pic…
Consulte Mais informação »
America Is Likely Already In A Recession—Even If Trump Won’t Admit ItMarkets are down nearly 30% and recession fears are growing, though White House officials deny that's on the horizon.
Consulte Mais informação »
U.S. futures and global stock markets fall after Fed rate cutGlobal stock markets and U.S. futures have fallen in a rebuke from investors to emergency central bank action to shore up economic growth as anti-virus controls shut down business and travel
Consulte Mais informação »
Dow ends session 12.9% down as virus slams economy, threatens jobsWall Street stocks had their worst day since 1987 on Monday, joining global market carnage as coronavirus outbreak shut down a widening part of US and global economy.
Consulte Mais informação »