Trick or trend: Will the Bank of Japan and the European Central Bank raise rates enough this week to slow the dollar? Nah!

Trick or trend: Will the Bank of Japan and the European Central Bank raise rates enough this week to slow the dollar? Nah!

The dollar is likely to get another boost from the Bank of Japan and the European Central Bank this week. On Thursday, the European Central Bank is likely to report its first interest-rate increase in more than a decade. But the increase is likely to be just 25 basis points. That will be a stark reminder of how far behind the Federal Reserve, which raised interest rates 75 basis points in June and is expected to increase rates by another 75 basis points at its July 27 meeting. On Thursday the Bank of Japan is expected to keep its benchmark interest rates at its current low, low, low level.

Stocks fall again as WHO declares coronavirus pandemic, White House fails to deliver stimulus plan–no place to hide outside of Treasuries and the yen

Stocks fall again as WHO declares coronavirus pandemic, White House fails to deliver stimulus plan–no place to hide outside of Treasuries and the yen

As of 1:45 p.m. in New York the Standard & Poor's 500 is down 4.62% and the Dow Jones Industrial Average is off 5.13%. The NASDAQ Composite is lower by 4.40% and the Russell 2000 small cap index, with its heavy load of smaller U.S. oil producers, has lost 5.23%....