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We started this week with a surprising decision by the US Federal Reserve where it announced unprecedented massive economic stimulus programs, along with small and medium-sized companies protection plans to ensure they do not collapse from the Coronavirus outbreak. The US Federal Reserve announced an unlimited asset and bond purchase program to try to reduce the virus impact on the US economy.
It’s been a truly chaotic fortnight in financial markets, with the number coronavirus cases and fatalities accelerating outside of China, prompting authorities around the world to raise their game.
US dollar fell sharply in the past few days, especially after the US Federal Reserve announced a decision to cut interest in an emergency meeting
Australia's trade surplus narrowed in the first months of the year
Oil prices have recovered significantly by more than 6% since the beginning of the week, after reaching their lowest level in nearly 15 months, as markets hope to deepen production
Investors will continue to assess the impact of COVID-19 on the global economy next week, central banks in Australia, and Canada will be deciding on interest rates. While the US Democratic primaries and the UK-EU trade negotiations will also dominate the news.
US dollar fell since the start of the weekly trading with the increase in expectations about spreads of Coronavirus
We have seen a week full of economic events and developments regarding the COVID-19, but this week may not be any less important than last week, as we wait for many economic data that will prove the trends of the major economies amid global health crisis threatening the global economy.
Manufacturing activity in euro area slump eases in February, missing expectations for a further contraction
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