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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 on Wednesday, EUR/USD is trending near a low of 1.2009, the worst level for the pair since the begi...