WCHN - Week Ahead - Virus Watch China Data To Rebound While The World Braces For Pain And Why The Dollar Looks So Vulnerable
By Ed Moya
Thanks to swift action worldwide by central banks, global equities avoided a disastrous place, a possible combination of a 1930s-like depression and the 2008 financial crisis. In just a matter of weeks, massive monetary and fiscal stimulus was injected into the global economy, showing financial markets central banks and government leaders were not taking any chances with the shock that was about to hit consumption and production, also providing key relief to funding markets.
The unprecedented actions by the Fed have put a tentative top for the dollar; however, the flight to