An Outlook of the FX Market During the Coronavirus Pandemic

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The coronavirus pandemic, while sending the global world in a recession, did not create similar market conditions as the last crisis did. During the 2008-2009 Great Financial Crisis, the volatility on the FX market, the world’s largest market, reached higher levels.
After the initial shock that saw many economies entering lockdown, the response of all central banks in developed economies was to ease monetary policy as quickly as possible. As a result of that, the…

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