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US Dollar May Rebound vs. Euro as Fed, ECB Policies Diverge
The US Dollar soared at the onset of the Covid-19 pandemic as panicked credit markets began to seize up, sending capital scrambling for the reserve currency’s ultimate liquidity. It then turned sharply lower as the Federal Reserve forcefully pushed back, deploying massive stimulus at an unprecedented rate to unclog the pipes and becalm investors. It appears to have worked: credit spreads narrowed and market sentiment recovered. That this success came at the expense of the Greenback seems to make sense. First, the sheer size of the Fed’s effort exceeded that of other central banks. Second, that markets took this ... (full story)
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Let me fill my acount wallet then will take Ur advice
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