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It fell further when trade resumed, eventually losing 9.5% to close 27% below February’s peak. Treasuries shot up, and in currency markets, investors scrambled for dollars.”We worry that there could be a chance of a dollar funding squeeze,” said Stuart Oakley, Nomura’s global head of flow FX in Singapore, as businesses scramble to borrow dollars to cover liabilities.”When everyone does that at the same time, it can result in a massive demand for dollars. President Donald Trump imposed restrictions on travel from Europe to the United States, shocking investors and travellers.Traders were disappointed after hoping to see broader measures to fight the spread of the virus and blunt its expected blow to economic growth.The New York Federal Reserve surprised by pumping huge amounts of cash into the banking system, aiming to head off the sort of dislocation that saw markets seize up during the financial crisis.After adding $500 billion on Thursday, it will inject another $1 trillion today in an effort to stop borrowing costs from rising.MSCI’s gauge of stocks across the globe shed 9.51% and was down more than 20% from its 52 week peak.The VIX volatility index Wall Street’s “fear gauge” and an equivalent measure of volatility for the Euro Stoxx 50 hit their highest since the 2008 financial crisis.In early Asia currency trade volumes were light and tight liquidity exaggerated moves.
German Foreign Minister Heiko Maas warned that the WHO “cannot be weakened or in any way be called into question politically. Withdraws from the wider world, especially at this level, is space that will be occupied by others and that tends to be those that don’t share our values of liberal democracy,” he said..
Peptic ulcers. A vague recurring discomfort may be the result of these painful sores in the lining of the stomach or first part of the small intestine. More common in people who smoke, drink a lot of alcohol, or take pain killers such as aspirin or NSAID’s, the pain often gets better when you eat or take antacids..