Forex Focus on NFP

DXY: Here’s why the US dollar index is soaring today

The US dollar index (DXY) rose by more than 40 basis points after sliding sharply yesterday. This gain is mostly because of risk aversion as the number of coronavirus cases continue to rise in key countries. The US dollar has gained against all currencies in the index, including the Japanese yen, euro, and sterling.

Continue reading with a free membership account. It takes seconds to create.


Register

Related Posts: