By Kathy Lien
We are in the midst of the worst economic crisis since the Great Depression. COVID-19 sent more than 3 billion people into lockdown, millions of workers lost their jobs and countless number of businesses were forced to close permanently.
As a result, a number of countries fell into recession in the first or second quarter prompting strong responses from their respective governments. From currencies to equities, markets around the world responded with sharp losses in March, but some currencies moved sooner than others, giving investors a hint of the downturn to come.