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Forex

Global forex market

THE dollar depreciated 1.26% to 99.11 largely due to the month-end rebalancing added with the dovish Federal Open Market Committee (FOMC) meeting after the Federal Reserve (Fed) opened the door for more monetary easing and dampened expectations for a quick economic recovery from the coronavirus crisis.

Business

Treasury Pulse

The US dollar declined for four consecutive days, depreciating sharply by 3.37% to 99.352 largely after the Federal Reserve announced an open ended and unlimited quantitative easing (QE) in an attempt to support markets.