Clouds Loom News Today

With little cash and less time, Austal needs hundreds of millions to deliver on an $11.6 billion order book. A sale or extra government support may be the only way out.

EUR/USD Exchange Rate Continues This Week’s Sharp Tumble  A combination of Eurozone coronavirus jitters and a recovering US Dollar (USD) helped push the Euro to US Dollar (EUR/USD) exchange rate to new multi-month lows today. Investors remain anxious about the Eurozone outlook.  This week’s EUR/USD losses have been even sharper than the ones seen last week. EUR/USD tumbled from the level of 1.2171 to 1.2137 last week, and this week has plunged over a cent already.  At the time of writing...