Following its 8% surge over the last two weeks, the US Dollar has started to drift lower as the Federal Reserve ramps up stimulus efforts to offset coronavirus fallout and calm market angst.

According to the International Monetary Fund, several countries from the Middle East and Central Asia have asked for financial aid due to the coronavirus outbreak.

Everything is on the table There are specific provisions against this kind of thing in ECB treaties but all the rules are getting tossed out at the moment. ForexLive

Sound words of advice Josh Brown on CNBC said as he and Brad Gerstner of Altimeter Capital discussed the markets, (and I paraphrase): The person you want to run away from now is the person who KNOWS what will happen.

<p>PMI data released together generally showed a disastrous picture in the service sectors around the world, due to coronavirus pandemic and the measures to contain it. Nevertheless, these data are generally shrugged off as they’re generally expected. Reactions would likely be muted too even if the data come in worse. Instead, global st

<p>UK CBI Industrial Order Expectations dropped to -29% in March, down from -18%. 15% of manufacturers reported order books above normal while 44% said they’re below. Manufacturers anticipate output volumes to contract at a faster pace in the next three months (-20%), marking the weakest expectations since the financial crisis (April 20

<p>US PMI Manufacturing dropped to 49.2 in March, down from 50.7, hitting a 127-month low. PMI Services dropped to 39.1, down from 49.4, record low. PMI Composite dropped to 40.5, down form 49.6, also a record low. Commenting on the flash PMI data, Chris Williamson, Chief Business Economist at IHS Markit, said: “US companies reported [&

<p>US stocks surge sharply in early trading on optimism that politicians in US are close to getting a deal on another coronavirus stimulus package. House speaker Nancy Pelosi told CNBC, “I think there is real optimism that we could get something done in the next few hours.” “Overarchingly, I think we are getting to a [&helli

Cross-asset correlations rise sharply as the spread of the coronavirus prompts aggressively deleveraging.

The recent rally in EUR/GBP has come to an abrupt halt with resistance capping the pairs upside movement. Both currencies are under pressure, but Sterling looks set to have the upper-hand in the sh…