Tag: lows

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Coronavirus: Australian interest rates cut to historic lows

In the climate of uncertainty that the coronavirus epidemic weighs on the economy, the Australian central bank has taken action. The Reserve Bank of Australia (RBA) announced on Tuesday that it will lower its key rate from 0.75% to 0.50%, its lowest level in history. The expansion of the coronavirus “obscures” the horizon of world ….  Read More

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Yen near 9-month lows, Euro remains heavy By Investing.com

© Reuters. Noreen Burke Investing.com – Yen refuge traded near nine-month low against dollar on Thursday as risk appetite was buoyed by expectations that China would continue to offset economic impact coronavirus epidemic. The dollar traded at 111.88 against the Japanese currency at 10:40 am, not far from the highest level since May 2019. The ….  Read More