Daily Market Review: Fed Fights the Coronavirus with Unprecedented Measures
Channel: JFD Brokers
Date: 24/03/2020

Daily Market Review by Charalambos Pissouros

Yesterday, the Fed announced unprecedented measures to shore up the US economy, hit by the fast spreading coronavirus. Although EU and US indices closed their sessions in red territory, Asian ones rebounded to finish positive. The greenback was also found lower against most of the other G10 currencies. Today, attention is likely to turn to the preliminary PMIs for March, as investors are eager to find out how deep the economic wounds resulted in from the spreading of the virus are.

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