The Past mistakes are your guides to provide you directions of the present.
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US dollar heads for loss on Fed backstop, receding coronavirus fears
The dollar started Friday’s trade on a shaky footing and was on course for a weekly loss as the U.S. Federal Reserve’s massive new lending programme for small companies and signs of a slowdown in coronavirus infections reduced safe-haven demand. The pound pulled ahead against the dollar and the euro as markets breathed a sigh of relief after British Prime Minister Boris Johnson left intensive care following his hospitalisation for COVID-19 symptoms. Currencies from oil-producing countries also held onto gains against the U.S. currency, but the outlook remains uncertain as an agreement between Saudi Arabia and ... (full story)