Covid-19 FED 

Dollar eyes multi-week lows as risk assets rally

By Administrator_India Capital Sands   The dollar nursed losses against most currencies on Thursday as a rally in riskier assets such as global equities and commodities put a dent in safe-haven demand for the U.S. currency. Traders in Asia are focused on whether China’s yuan can extend gains against the greenback as investors of all stripes shift funds to increase positions in Chinese stocks. Lingering worries about the spread of the coronavirus could keep some currency pairs in a tight range, but the dollar’s losses are gradually increasing as sentiment favours riskier…

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Asian Market FED 

Asia stocks set to fall on Fed’s dour outlook

By Administrator_India Capital Sands Asian stocks were set to fall on Thursday after gloomy economic projections from the U.S. Federal Reserve sent the greenback and most Wall Street shares lower. Fed officials at their policy meeting on Wednesday said U.S. gross domestic product is expected to decline 6.5% this year. They also flagged the need to keep the key interest rate near zero through at least 2022. “The Fed is basically saying they’re going to keep the system solvent and at the macro level there’s no room for failures but…

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Business FED 

Dollar nurses losses after Fed, jump in risk appetite

By Administrator_India Capital Sands The dollar nursed losses on Thursday after the U.S. Federal Reserve left the door open to more monetary easing and dampened expectations for a quick economic recovery from the coronavirus pandemic. The greenback was also weighed down as signs the pandemic is receding in other countries and reduced safe-haven demand for holding funds in dollars. Additionally boosting appetite for riskier currencies was positive trial results of an experimental COVID-19 treatment. The euro held steady before a European Central Bank meeting later on Thursday where policymakers are…

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