Against a basket of six other currencies, the dollar rose 0.7% to 99.88. It reached 102.99, its highest in more than three years, earlier this month as a global market selloff fuelled a rush for dollars. Dollar demand has ebbed, but analysts are still forecasting more dollar gains.
“Nobody knows the damage China’s virus containment efforts will have on growth, and we probably never will for sure, given the opacity of the statistics. We reckon true GDP growth will fall below 2% in Q1, from 4.0% in Q4, which already was substantially lower than the official 6.0%,” said Freya Beamish, chief Asia economist […]
BENGALURU (Reuters) – Yields on sovereign bonds across most major Asian economies will fall further over the coming year, after already being yanked down following emergency interest rate cuts by central banks to counter the coronavirus hit, a Reuters poll forecast.
Confirmed cases in Pakistan are rising and have surpassed 2,700 almost a month after the first case was reported at the end of February. Those individuals who have recently returned from abroad account for a significant proportion of the positive cases in Pakistan.
Coronavirus: Timeline of the global spread of COVID-19 First cases confirmed in Germany On January 27, Germany announces its first known case of the virus — a 33-year-old in Bavaria who contracted it during a workplace training with a visiting Chinese colleague. He is put under quarantine and observation at a Munich hospital. The following […]