FOREX-Dollar drops after Fed unveils unprecedented measures to lend, backstop debt
The dollar dropped on Monday
after the U.S. Federal Reserve took unprecedented steps to
backstop a range of debt in an attempt to offset the “severe
disruptions” to the economy caused by the coronavirus outbreak.
The steps include establishment of new programs that will
lend against student loans,
after the U.S. Federal Reserve took unprecedented steps to
backstop a range of debt in an attempt to offset the “severe
disruptions” to the economy caused by the coronavirus outbreak.
The steps include establishment of new programs that will
lend against student loans,
Posted by Reuters
