EPS - ECB's Bazooka Supports Bonds But Not The Euro

Overview: It is not just that the dollar soared while stocks and bonds continued to plunge. The dollar's strength is, in effect, a powerful short-covering rally. It was used to fund a great part of the global circuit of capital. The circuit of capital is in reverse now, and the funding currency is being bought back. The dollar's strength is a function of the sell-off of other assets. Meanwhile, officials continue to announce more measures to combat the economic and financial fallout of the coronavirus. The ECB announced a substantial increase in its efforts, and

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