Dash for liquidity also sends many emerging market ‘carry trades’ to historic losses
Thursday 26 Mar 2020 Author: Ian Conway
In the past week the US dollar has soared against other currencies as investors have stampeded into what are considered safe-haven assets on fears that the coronavirus will send global economies into freefall. At one point, sterling hit a 35-year low against the US currency at $1.15, partly on the dash for dollars and partly on fears that the UK Government was behind the curve in its treatment of...