No economic figure was released in the United States on Tuesday, but financial market conditions remained volatile, mainly due to the impact of the epidemic, and also because US President Trump announces that economic stimulus measures will be implemented.
Some major central banks, such as Australia, Canada, and the United States, have made the first move. Today Wednesday(March 11)before the European session, the Bank of England also joined the team to cut interest rate by 50 basis points.
On the other hand, the market expects the Trump government will propose tax cuts and subsidies. It is expected that under the dual effects of fiscal and monetary policies, the performance of the US dollar will remain relatively optimistic in the coming future, as fiscal policies can push up inflation. Also, the necessity of further monetary stimulus will be lower.