Dollar retreats as coronavirus fallout lifts rate cut expectations
The dollar fell on Thursday as Treasury yields continued to plumb new lows and investors bet the Federal Reserve would cut interest rates to offset the impact of the spreading coronavirus, lifting the euro to its highest in more than two weeks.
Money markets are now fully pricing in one 25 basis point cut in the Fed’s rate by April and three by March 2021.
Expectations for a European Central Bank rate cut have also risen; money markets now price a more than 80% chance of a 10 basis point rate cut in July.
But analysts point out that, with United States rates much higher, and therefore the scope for them to fall much larger, investors are reversing out of the dollar.
“Rate cut expectations have gained momentum and U.S. rate expectations are falling a lot more than they are in the euro zone,” said Thu Lan Nguyen, an analyst at Commerzbank.
Whether or not the dollar retreats further depends on economic data on the coronavirus’s impact on confidence and trade outside of China, Nguyen said.
The dollar index dropped 0.4% to 98.658, its weakest since Feb. 12.
It has shed 1.2% since last week, when it touched a near 3-year high thanks to its safe-haven currency credentials and investors’ belief that the U.S. economy was relatively sheltered from the coronavirus fallout.
The euro rose 0.6% to $1.0948. Last week it had dropped below $1.08, although it remains down 2.4% so far in 2020.
One-month volatility in euro/dollar, which was near record lows, has shot up to its highest since early October.
New coronavirus infections are now growing faster outside China than within, stoking fears that the economic impact on supply chains and consumer demand might be far greater than previously anticipated.
Investors have rushed for the safety of U.S. government debt. Ten-year U.S. Treasury yields slumped to a record low of 1.289%.
The dollar dropped 0.5% to 109.93 Japanese yen before recovering to 110.11 yen.
ING analysts said the dollar’s medium-term outlook remained positive.
They said that the closed nature of the U.S. economy left it less exposed to a coronavirus-induced global downturn, and with the pace of any Fed response unclear, “we think it is too early to pencil in a trend reversal and more meaningful USD weakness”.
The British pound gave up earlier gains and slipped 0.2% against the dollar to $1.2877. The euro rose 0.8% to 84.97 pence, its highest in more than two weeks.
Sterling weakened as Britain launched its mandate for trade talks with the European Union.
China’s offshore yuan strengthened to a one-week high, with the dollar down 0.1% at 7.010 yuan per dollar.
The Australian dollar, seen as a proxy for investor sentiment towards China, rebounded 0.5% to $0.6572, away from 11-year lows touched on Wednesday.
Source: Reuters
Comments (290)
chloroquine and hydroxychloroquine
modafinil dosage modafinil reviews
best research tadalafil https://www.pharmaceptica.com/
modalert vs modvigil https://modvigilmodafinil.com/
what is modafinil used for buy modalert
side effects for sulfamethoxazole trimethoprim trimoxazole for dogs
prednisone and covid vaccine prednisolone online
bactrim drug class bactrim 160 800 mg
side effects for hydroxychloroquine hydroxychloroquine cost at costco
online doctor to prescribe hydroxychloroquine does hydroxychloroquine cause hair loss
Kervansaray Tablo markası olarak kanvas tablo, özel günler tablo ve puzzle çerçeve tablo konusunda Konya üzerinden sizlere özenle hizmet sunmaktayız.
tiktok porn and animal child watch tiktok porn.
tiktok porno izle.
viagra best buy coupon
real viagra online no prescription
cialis no rx
sildenafil-citrate
buy zovirax cream online canada
sildenafil 100mg online
ivermectin 6mg tablet for lice
best online generic tadalafil
where to buy dexamethasone paxil 2.5 mg topical ivermectin cost purchase sildenafil citrate 100mg best price for tadalafil 20 mg
cialis 2.5 price
ivermectin 90 mg
where to buy viagra in us
tadalafil 5 mg tablet
purchase stromectol
ivermectin ebay
atarax 10 mg cost
budesonide 250 mcg
generic sildenafil in usa
sildenafil prices in india
can you buy stromectol over the counter
tadalafil 10mg online
cheap viagra overnight
cialis soft gel
where to buy generic tadalafil
generic cialis nz
cialis india
viagra cheapest buy cheap generic cialis online where can i buy tadalafil online how to get viagra prescription online tadalafil generic from canada cialis online us uk viagra over the counter viagra online canada brand viagra cialis purchase online
price of tadalafil 5 mg
buy generic cialis online from india
india tadalafil capsule cheap
cialis price from canada
buy cialis free shipping
generic cialis no prescription canada
viagra order from canada
canadian pharmacy cialis for daily use
how to get cialis prescription
over the counter generic cialis
sildenafil 50 mg generic
buying amoxicillin in canada
zithromax500.com canada buy stromectol online uk lisinopril 5 mg canada ivermectin 5 buy tadalafil online uk seroquel xr 300mg cialis 2019 sildenafil 20 mg daily buy tadalafil from india tadalafil generic us
doxycycline tablets
cheap cialis pills for sale
average cost of cialis
can you buy sildenafil over the counter in uk
amoxicillin capsules 500mg price in india
order bactrim ds
molnopiravir
cialis australia
where to buy xenical in usa
neurontin brand name 800mg
generic stromectol
buspar over the counter
buy flomax 0.4 mg
ivermectin 3 mg dose
tadalafil 500mg
how can i get sildenafil
trazodone 100 mg antabuse order online arimidex buy no prescription sildenafil generic cost buy doxycycline cheap
sildenafil 25 mg uk
cialis soft 40 mg
sildenafil 90 mg
order chloroquine phosphate
generic dapoxetine 60mg
100 mg sildenafil cost
lopressor 25 mg pills
ivermectin 10 ml gabapentin generic price feldene gel 50g proscar online uk nexium generic south africa buy ivermectin canada gabapentin 3600 mg finasteride prescription tadalafil 5mg online canada viagra price per pill
amoxicillin 500 mg no prescription
viagra from mexico
hydroxychloroquine 5 mg stromectol order where to get viagra no prescription can you buy clomid without a prescription sildenafil 20 mg for sale stromectol tablets gabapentin 1200 sildenafil online mexico atarax buy piroxicam brand name
cost of ivermectin pill
cialis capsules online
cost of ivermectin medicine
buy viagra now
cialis 5mg online pharmacy
cost of cialis 5 mg
tadalafil cheap uk
ivermectin usa
how to viagra tablet
viagra in women
ivermectin lotion for lice
where can i buy sildenafil 100mg
hoodia gel
cialis brand
20 mg cialis daily
tadalafil tablets online india
viagra .com how much is the generic viagra best price cialis 20mg australia cialis 100mg uk cialis tablets for sale australia
benicar 20 mg cost
viagra generic online usa
ivermectin 12 mg
generic cialis 5mg daily
rx pharmacy generic viagra
generic viagra cheap
tadalafil for sale cheap
buy antabuse without prescripition
buy tadacip 20 mg without prescription sildenafil buy canada estrace pills online tadalafil brand name how to purchase viagra buy singulair 10mg online buy celexa india tadalafil capsule cheap viagra 100mg tablet online online pharmacy discount code 2018
cheapest generic viagra
fluoxetine cap ivermectin 3 mg dose tadalafil for sale online cleocin medication how to get viagra prescription in australia augmentin 375 mg tab female viagra uk cialis pills online india stromectol 3 mg tablet trazodone 300 mg cost
buy stromectol online
best price pristiq 50mg
order cheap cialis
cialis mastercard
cheap generic cialis canadian pharmacy
average cost for viagra
real cialis cheap
can you buy viagra in mexico over the counter
ordering cialis online in australia
where can you purchase viagra
cialis for daily use generic
where to buy cialis online cheap
generic viagra 2018
buy sildenafil generic online
female viagra cost in india
viagra 123
buy generic viagra online pharmacy
buy cheap cialis uk
buy tadalafil 5mg tablet
cialis prescription online canada
viagra 100mg tabs
ivermectin cost uk
sildenafil 25 mg coupon
generic cialis india pharmacy
can you buy cialis over the counter australia
cheapest cialis
azithromycin contraindications
azithromycin contraindications
augmentin wellbutrin
augmentin wellbutrin
augmentin uses
augmentin uses
atenolol 50 mg where to buy
cheapest generic cialis overnight shipping
cheap viagra paypal
cost for viagra
canadian pharmacy robaxin
sildenafil online canadian pharmacy
viagra tablet online
viagra 12
super active cialis
cephalexin 500mg price in india
generic wellbutrin sr
fish cephalexin
fish cephalexin
viagra for sale
keflex tid
keflex tid
viagra singapore price
celebrex coxib
celebrex coxib
buy viagra in india online
stromectol online
where can i buy albendazole
tadalafil 20 mg in canada
disulfiram india
wholesale cialis
Every weekend i used to visit this web page, as i wish for enjoyment, for
the reason that this this website conations truly nice funny
stuff too.
viagra discount canada
It’s awesome in favor of me to have a web site, which is good designed for my
knowledge. thanks admin
viagra 1000mg
how to viagra tablet
trental 400 mg buy online india
cost for ivermectin 3mg
order viagra online without prescription
cost for generic sildenafil
buy generic tadalafil 20mg from canada
sildenafil 25 mg price
purchase cialis in mexico
clopidogrel tab 75mg price
motrin coupon
steroid prednisone
This design is wicked! You certainly know how to keep a reader
entertained. Between your wit and your videos, I was almost moved to start my own blog (well,
almost…HaHa!) Excellent job. I really enjoyed what you had to say, and more than that, how you presented it.
Too cool!
ivermectin 3mg
cheap clopidogrel
I go to see day-to-day some sites and information sites to read content, however this website gives feature based articles.
where can i get female viagra pills
how much is cialis daily
Great delivery. Solid arguments. Keep up the amazing effort.
My family members always say that I am killing my time here at net,
however I know I am getting know-how daily by reading thes pleasant articles or reviews.
Hello, yup this piece of writing is really pleasant and I
have learned lot of things from it regarding blogging.
thanks.
hey there and thank you for your info – I have definitely picked up something new from
right here. I did however expertise several technical issues using this web site, as I experienced to reload the web site a lot of times previous to I could get it to
load correctly. I had been wondering if your web hosting is OK?
Not that I am complaining, but sluggish loading instances times will sometimes affect your placement in google
and could damage your high quality score if ads and marketing with Adwords.
Anyway I am adding this RSS to my email and could look out for
much more of your respective interesting content. Ensure that you update this again soon.
I enjoy reading a post that can make men and women think.
Also, many thanks for permitting me to comment!
With havin so much content and articles do you ever run into any issues of plagorism or copyright violation? My website has a lot of unique content I’ve either created myself or
outsourced but it seems a lot of it is popping it up all over the web without my
permission. Do you know any techniques to help prevent content from being stolen? I’d
definitely appreciate it.
orlistat 120 mg cost
otc viagra united states
can i buy amoxicillin over the counter nz
Hi there, I read your blogs daily. Your story-telling style is awesome, keep up the good work!
buy lisinopril
lisinopril prescription
ivermectin 3mg tablets
abilify prices
flomax online canada
propranolol over the counter
3 tadalafil
reputable onlinecompanies that sell cialis
clomid pills
ivermectin online
cheap tetracycline online
predisolone online
india ivermectin
singulair allergy pills
tadalafil 20 mg chewable
tadalafil over the counter usa
tadalafil generic price
singulair medication otc
buy hydroxychloroquine online
cialis how to get
valtrex rx where to buy
where can i buy dapoxetine in usa
keflex 500 mg capsule price
cheap viagra online pharmacy
furosemide 20 mg tab cost
order generic paxil online
If some one desires expert view on the topic of blogging
and site-building afterward i advise him/her to pay
a visit this web site, Keep up the nice job.
generic cialis tadalafil 20mg
buy cialis without presc
female viagra gel
how to buy cialis in australia
female viagra tablet price
Just wish to say your article is as astounding. The clearness in your
post is simply nice and i can assume you are an expert on this subject.
Well with your permission allow me to grab your feed to keep up to date with forthcoming post.
Thanks a million and please continue the enjoyable
work.
finasteride discount coupon
Levitra Wirkdauer https://newfasttadalafil.com/ – Cialis Vofnsb buy cialis online overnight shipping https://newfasttadalafil.com/ – cialis online without prescription Indomethacin For Sale
I like the valuable info you provide in your articles.
I’ll bookmark your blog and check again here regularly. I am
quite certain I will learn many new stuff right here!
Good luck for the next!
legitimate canadian mail order pharmacy
It’s going to be end of mine day, but before finish I am reading this great post to increase my knowledge.
voltaren 30 mg suhagra online india
robaxin purchase online prozac pills cafergot pills
indocin price gabapentin 20 mg propecia generic coupon order albendazole propranolol 10 medicine cost of zofran 4 mg
dapoxetine without prescription
allopurinol 100mg price
benicar drug coupon
albendazole india
sildenafil
sildenafil
viagra
viagra
sildenafil citrate
sildenafil citrate
viagra generic
viagra generic
Very good post! We will be linking to this particularly great post on our website.
Keep up the good writing.
My web-site special
canada online pharmacy accutane accutane 5 mg
Need an accutane prescription discount? Visit our website for special offers on medications.
What is the recommended daily dosage of Accutane if it is 10 milligrams? https://isotretinoinex.website/
buy accutane online india accutane singapore buy
What are the potential side effects of taking 80 mg of Accutane daily? https://isotretinoinex.website/
Want to know more about the 5mg version of accutane? Visit accutane 5mg to get additional details.
accutane 2017 price of accutane in australia accutane cream uk
How does a 70 mg dosage of Accutane affect the treatment of acne? https://isotretinoinex.website/
When was Accutane released or introduced in the market? https://isotretinoinex.website/
accutane price in canada where to get accutane
What is the recommended daily dosage of Accutane if it is 20 milligrams? https://isotretinoinex.website/
I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article. https://accounts.binance.com/vi/register-person?ref=T7KCZASX
buy meclizine without prescription
antivert 25mg pills
meclizine 25 mg without prescription
buy antivert 25mg for sale
oral antivert
meclizine canada
order antivert sale
antivert tablet
order meclizine without prescription
meclizine 25 mg pills
antivert 25mg generic
meclizine generic
meclizine 25mg pills
order antivert pills
antivert cost
meclizine cheap
buy antivert pill
purchase meclizine for sale
Good post! We will be linking to this particularly great post on our site. Keep up the great writing
Great information shared.. really enjoyed reading this post thank you author for sharing this post .. appreciated
Also I ve shared your site in my social networks!
I am truly thankful to the owner of this web site who has shared this fantastic piece of writing at at this place. Watch bbc farsi صفحه اول
You re so awesome! I don t believe I have read a single thing like that before.
Very well presented. Every quote was awesome and thanks for sharing the content. Keep sharing and keep motivating others.
I m going to bookmark your web site and maintain checking for brand spanking new information.
I really like reading through a post that can make men and women think. Also thank you for allowing me to comment!
Pretty! This has been a really wonderful post,any thanks for providing these details. dubai tv live streaming free
Your point of view caught my eye and was very interesting. Thanks. I have a question for you. https://www.binance.info/bg/join?ref=PORL8W0Z
Scrap metal reclamation plant Aluminium scrap documentation Aluminum scrap melting process
Non-ferrous scrap metal, Melting and refining processes for aluminum cable scrap, Scrap metal recovery optimization
Precious metal extraction Scrap aluminum Aluminum scrap sustainability
Scrap metal reclaiming yard services, Aluminum cable scrap prices per pound, Salvage metal recycling
Metal scrap recovery Metal recycling and reclaiming center Iron recovery and recycling
Ferrous material recycling cost savings, Iron scrap handling equipment, Metal waste reprocessing
Metal waste reclaiming solutions Ferrous material recycling logistics Iron waste recovery center
Ferrous material licenses, Iron scrap reclaiming plant, Scrap metal salvage depot
Metal recycling plant Ferrous scrap trading Iron scrap transportation
Ferrous material safety, Iron scrap reprocessing services, Scrap metal documentary requirements
Metal recycling operations Ferrous metal sustainability practices Iron scrap packaging
Ferrous material recycling safety, Iron scrap recycling center, Sustainable practices in metal recovery
Metal waste recovery and recycling Ferrous material selling Iron scrap recovery and reclamation
Ferrous material recovery system, Iron recycling and reclamation, Scrap metal disassembling
Scrap metal recycling center Ferrous material corporate social responsibility Iron recycling and reclaiming solutions
Ferrous material client satisfaction, Iron reuse facility, Metal scrap recycling solutions
Very interesting details you have noted, appreciate it for posting.Money from blog