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The primary focus in a recession, of course, is to keep your company running and stay in business. Unlike previous recessions, the current economic downturn is likely much deeper. To put it into context, the worst U.S. jobs report during the 2008-09 crisis for one month saw 800,000 people lose their jobs. In April 2023 over 20 million Americans lost their jobs.
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The IMF’s recent 雷霆加速器安卓版 that the world is heading towards its “worst recession since the Great Depression” led to a direct strengthening of the U.S. dollar on April 16, as investors flocked back to the traditionally safe-haven currency. This sudden climb for the greenback underlines the highly volatile, unpredictable nature of the currency markets amid the now-coined “Great Lockdown” period.
The IMF’s recent warning that the world is heading towards its “worst recession since the Great Depression” led to a direct strengthening of the U.S. dollar on April 16, as investors flocked back to the traditionally safe-haven currency. This sudden climb for the greenback underlines the highly volatile, unpredictable nature of the currency markets amid the now-coined “Great Lockdown” period.
Under a new mandate by the U.S. Commerce Department, the U.S. says it will levy dues and fines against countries that undervalue their currency against the U.S. dollar.
The move shines a light on country currency manipulators, and shows, as the announcement indicates, that U.S. policymakers are taking on currency-cheating countries “head-on.”
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OANDA’s FX forward rates enable clients to protect against currency market volatility. Foreign exchange forward rates offer a simple yet effective means to view exchange rate forecasts, typically anywhere from three months up to two years into the future. Companies can benefit in particular from combining FX forward rates with other FX products for optimized currency exchange strategy success.