Note

CURRENCIES Surging dollar holds near six-week high as virus fears return

· Views 371

The dollar rose 0.6% against the euro, 0.9% against the Aussie and even made gains against the safe-haven currencies of the Japanese yen and Swiss franc.

Against a basket of six major currencies the greenback hit a six-week high and held just below that in early Asian trade at 93.547. Gold fell against the rising dollar.

The heaviest selling was in financials, after a fresh dirty money scandal embarrassed global banks, but soon spread to other sectors and asset classes amid worries about possible new lockdowns as Covid-19 cases spread. Investors are also fretting that the chances of more fiscal stimulus in the U.S. are ebbing as campaigning dominates the political landscape.

Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

If you like, reward to support.
avatar

Hot

Verified Media
As the Greenback gained traction, it pushed AUD and CAD to one month low and the EURO to two month lows. Australian dollar was the biggest loser against the greenback, in terms of percentage basis. Hmm...has the sleeping giant aka USD finally awaken? Let's watch...

-THE END-