Dollar depreciates major currencies After approving the mitigation measure, Covid-19
The US dollar depreciates against major currencies. In trading at the New York Stock Exchange last night (March 27) after the US House of Representatives voted to approve a bill for the economic recovery measures of the $ 2.2 trillion of the Covid-19 virus, which has been Previously approved by the Senate And after the market is closed President Donald Trump of the United States has signed to enforce such measures as law.
The dollar index, which is a measure of the movement of the dollar against the six major currencies in the basket, fell by 0.99% to 98.3895 last night.
The dollar depreciates against the yen at 107.80 yen from 109.23 yen, depreciates against Swiss francs at 0.9534 francs from 0.9622 francs and depreciates against Canadian dollars. At the level of 1.3943 Canadian dollars from the level of 1.4029 Canadian dollars.
The euro strengthened against the dollar at 1.1114 dollars from 1.1040 dollars, the pound strengthened to 1.2472 pounds from 1.2151 dollars and the Australian dollar strengthened to 0.6189 dollars from 0.6080 dollars.
The dollar weakened. After the US House of Representatives approved measures to mitigate the economic impact of the outbreak of the Covid-19 virus. The $ 2.2 trillion measure will provide emergency loans to small businesses, reduce business tax, increase unemployment benefits. And directly paid $ 1,000 in cash to American workers As well as helping with various industries such as airlines and hotels. Including providing hospital support Including state and local governments
After the market is closed President Donald Trump of the United States has signed to enforce such measures as law. The said measure is considered the allocation of financial aid to a record high in the United States. To deal with the economic crisis from the effects of the Covid-19 virus