US Dollar depreciated 95 pips

On Thursday, April 30, the US Dollar depreciated 95 pips or 0.87% against the European Common Currency. Note that the Greenback also depreciated against other major currencies.  

It is likely that the drop was driven by unexpected announcement by the Federal Reserve. The Fed revealed that it would expand the scope and eligibility for the Main Street Lending Programme to support the domestic economy through the coronavirus pandemic. 

However, the White House economic adviser Kevin Hassett claimed that the US economy might not need more stimulus, as it could recover on already applied measurements.