President Christine Lagarde left interest rates unaffected but used other strategies to maintain the euro-zone financial system. They have each incentive to help out her frontier the smash up from the hold-up. For the latest forex trade news today, subscribe FxJam!

With millions of citizens in containment, economic trades in fall. The companies stressed with disordered logistics network, the European Central Bank said it would provide trade and industry more affordable loans, increase asset purchases and endow with banks with assets relief.

Mr Donald Trump the U.S. President in the meantime obligatory limits for one month on travel to the United States from 26 European countries.

The European Central Bank permitted clean incentive procedures. For the time being, dropped assets requirements of banks on Thursday to facilitate the euro-zone. It deals with the shock of the coronavirus deadly disease but reserved interest rates on hold, unacceptable markets.

According to the forex trade news today the president of European Central Bank Christine Lagarde said that “The spread of the coronavirus has been a major shock to the growth prospects of the global economy and the euro area economy, and it has heightened market volatility”.

Further, the ECB said it would compress inexpensive loans for banks, at an interest rate as short as -0.75%, and intensify bond purchases by a whole of 120 billion Euros throughout the end of the year.