The US Dollar weakened as Trump travel ban shocked global economy and fuelled demand for safe-haven currencies.
The Sterling recovered after Bank of England surprisingly cut interest rates, following other central banks around the world trying to limit the COVID economic damage so far.
Oil prices jumped by around 10% a day after the worst day in nearly 30 years as investors eyed the possibility of economic stimulus.
With the markets still buzzing over the deep Fed rate cut, the investors’ focus lies with the united front to fight against the global recession due to COVID19 pandemic.
U.S. employers maintained a robust pace of hiring in February, giving the economy a strong boost heading into the coronavirus outbreak.