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Treasuries dipped to as little as 0.318% on Monday -- a level unthinkable just a week ago -- but rose back to be last at 0.
622% on Tuesday amid the stimulus chatter.That in turn helped the dollar recoup some of its recent hefty losses to reach 104.
20 yen, edging away from Monday’s three-year trough around 101.
17.The euro eased back to $1.
1375, after climbing 1.
4% on Monday to its highest in over 13 months at $1.“It’s very hard to tell people to stick to their plans and don’t be emotional because it’s money, and everyone is emotional about money,” said JJ Kinahan, chief market strategist at TD Ameritrade.
Reporting by David Randall; editing by Megan Davies and Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.HARARE , March 11 (Reuters) - Zimbabwe will adopt a “managed float” exchange rate regime, Finance Minister Mthuli Ncube said on Wednesday, abandoning strict control of foreign exchange by the central bank as it battles a growing economic crisis.
The central bank has controlled the interbank forex trading market, which was introduced in February 2019.But failure to free it up has the gap between black market and official exchange rates widen.
Reporting by Nelson Banya Writing by Mfuneko Toyana; editing by John StonestreetOur Standards: The Thomson Reuters Trust Principles.