Jump to content

King Dollar rules as virus threatens global growth..


r2d2

Recommended Posts

 

PhotoNEW YORK (Reuters) - A powerful surge in the dollar threatens to magnify the pain for companies and nations already struggling with the economic fallout of the coronavirus.The U.S. dollar index has jumped 3.5% this year, taking the greenback to its highest level since 2017 and making it the best performer of all global currencies year-to-date. The rally is being fueled by investors pouring money into U.S. stocks and bonds amid expectations that the country will be less vulnerable to the economic fallout from the coronavirus, which already threatens to dent China's growth rate and push Japan and the eurozone into recession.
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...