Central banks announce dollar liquidity measures to ease banking crisis
The Federal Reserve and five other leading central banks have taken fresh measures to improve global access to dollar liquidity as financial markets reel from the turmoil hitting the banking sector. In a joint statement on Sunday, the central banks said that, from tomorrow, they would switch from weekly to daily auctions of dollars in […]
Euro regains ground against dollar as global economic outlook improves
The euro has bounced back since falling below parity with the US dollar last September, aided by cooling energy prices, receding fears of a deep recession later this year and an increasingly hawkish European Central Bank. Up about 13 per cent over the past three and a half months, the euro’s rise to its current […]