Dollar slips as Fed leads world with emergency rate cuts
Markets were set for another chaotic session on Monday.
The volatility comes after the world’s major central banks joined in an emergency round of policy easing.
According to Reuters, it's aimed at cushioning the impact of the coronavirus on economies.
The US Federal Reserve cut rates to a target range of 0% to 0.25%. The Fed is to expand its balance sheet by at least $700 billion in coming weeks.
The volatility comes after the world’s major central banks joined in an emergency round of policy easing.
According to Reuters, it's aimed at cushioning the impact of the coronavirus on economies.
The US Federal Reserve cut rates to a target range of 0% to 0.25%. The Fed is to expand its balance sheet by at least $700 billion in coming weeks.