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Stock impact report

FOREX-Dollar slips against commodity currencies as Brent surges [Reuters]

Mizuho Financial Group, Inc. Sponosred ADR (Japan) (MFG) 
US:NYSE Investor Relations: mizuho-fg.com/investors/index.html
Company Research Source: Reuters
Dollar gives up gains against commodity currencies as oil recovers TOKYO (Reuters) - The dollar erased gains and fell against the currencies of oil producers on Thursday, as a rebound in crude prices after an unprecedented collapse helped to calm markets unnerved by the massive coronavirus-led drop in global demand. The euro held steady against the greenback and the pound ahead of a meeting of European Union officials on the bloc’s response to the economic turmoil caused by the global coronavirus pandemic. It may take EU countries until the summer or even longer to agree on how exactly to finance aid to help economies recover as major disagreements persist, a bloc official said on Wednesday. The greenback initially shrugged off the rebound in oil prices because the gains were slight. However, the dollar lost strength as oil futures extended gains, which decreases the safe-haven appeal of holding funds in dollars. “The dollar-oil trade meant that the dollar rose when commodities fell, Show less Read more
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