Australian government's new $66 billion package will take coronavirus economic life support to $189 billion

Mar 23, 2020 07:37 am UTC| Economy

Small and medium-sized businesses will get up to $100,000 in cash payments in the governments second stage of emergency assistance, worth a huge $66 billion, to cushion businesses and individuals as the coronavirus cuts a...

Coronavirus: locked-down Italy's changing urban space embraces the online aperitivo

Mar 23, 2020 07:36 am UTC| Insights & Views Economy

The past days have seen a dramatic transformation of Italys urban space. With the population under orders not to leave home apart from for specific needs, cities and villages have undergone a kind of desertification. As...

Workers left out of government and business response to the coronavirus

Mar 23, 2020 07:34 am UTC| Economy Business

As the coronavirus crisis unfolds, workers and families around the country are finding out how weak the U.S. social safety net is. Nearly three-quarters of Americans live paycheck to paycheck. About 30% of the workforce...

Are the banks strong enough to withstand the coronavirus crash?

Mar 23, 2020 07:30 am UTC| Economy

One of the most visible outcomes of the COVID-19 crisis is the mayhem in the global stock markets. Between February 20 and March 19, the SP 500 index plunged from 3,373 to 2,409, the FTSE 250 from 21,866 to 12,830, and the...

FxWirePro: Spotlight On CBT Amid Sluggish Turkish Growth – Bid 3M USD/TRY Skews Ans Hedge

Mar 18, 2020 17:33 pm UTC| Research & Analysis Economy Central Banks Insights & Views

Turkeys central bank pulled forward a scheduled MPC meeting by two days and implemented a 100bps emergency rate cut yesterday. The CB reduced the 1-week repo rate from 10.75% to 9.75% and lowered RRR on all FX deposits by...

FX Hedging Strategy Series

FxWirePro: BoC’s Rate Cuts on Cyclical Effects of Covid-19 - USD/CAD Risk-Off Call Ratio Spread

Mar 17, 2020 13:15 pm UTC| Research & Analysis Economy

Over the weekend, the Bank of Canada cut its key interest rate by another 50 bp, after it had lowered its key interest rate from 1.75% to 1.25% at its regular meeting. The BoC also said that it was ready to take further...

Central Banking Series

The Fed will have to do a lot more than cut rates to zero to stop Wall Street's coronavirus panic

Mar 17, 2020 01:38 am UTC| Economy Central Banks

The Federal Reserve is 0 for 2 in its fight against Wall Streets coronavirus panic, seeming to confirm perceptions of the central banks impotence. The Feds first attempt to calm thing down a half-point surprise rate...