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Elroy Mariano

FOREX-Dollar posts biggest weekly fall since 2009

The dollar posted its biggest
weekly decline in more than a decade on Friday, as trillions of
dollars worth of stimulus efforts by governments and central
banks helped temper a rout in global markets driven by the
coronavirus pandemic.
The dollar surged in March as tumbling stock and debt
markets caused a scramble for the world’s most liquid currency.
But big government spending

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Elroy Mariano


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Elroy Mariano

Business

Bloomberg

(Bloomberg) — The global airline industry has never had it so bad. Not even after the 9/11 terrorist attacks.Airlines could lose a quarter of a trillion dollars in revenue this year, according to the International Air Transport Association, as travel comes to a standstill with countries locked down to fight the coronavirus. Most carriers will go bankrupt by the end of May if they can’t find support, Sydney-based

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