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The Federal Reserve has lowered its rates by a full percentage point to 0 to 0.25 percent, which is the record low last seen in 2015, while also pledging to increase its bond holdings by US$ 700 billion or more. Despite the Fed announcing this latest set of emergency measures to support the US economy from the ill-effects of the coronavirus outbreak, the Dollar index (DXY) showed only a limited decline before paring losses as it rose back above the psychological 98.0 level.Asian currencies and stocks are currently mixed at the time of writing, while futures on the S&P 500 point fell 5... Read More
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