Home Breaking: EUR/USD tumbles below 1.08 as the dollar surges

Breaking: EUR/USD tumbles below 1.08 as the dollar surges

Updated: 19 Mar. 2020 | 11:48

EUR/USD has collapsed below 1.08, getting close to the lowest levels since 2020, which is 1.0777.

The coronavirus crisis is causing immense demand for the dollar, the world’s reserve currency. Massive sell-offs in stock markets have caused investors to rush into the greenback.

The Europan Central Bank announced a new bond-buying program to battle the impact of the pandemic, worth €750 billion.

— more to come

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