The US dollar index reached a three-year high as investors worried about the global coronavirus outbreak are moving their money into the safe-haven greenback
Investments considered safe in times of market turmoil have been rallying since the outbreak became Wall Street's number one worry in January. Cases continue to rise globally. The full financial and economic cost of the outbreak is incalculable.But the United States, as well as dollar-denominated assets, are considered to be somewhat shielded from the outbreak's impact.America's economy is less reliant on trade and exports than its peers, for example.
No other currency stands a chance against the greenback's attractiveness, said Francesco Pesole, FX strategist at ING.The ICE US dollar index finished the week at its highest level since April 2017, even though it traded in the red Friday.That widely-used gauge measures the dollar against six other currencies, with the euro carrying the most weight in the index. Weakness in the shared European currency has helped the dollar, too.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Outbreak will not change China's commitments to buy U.S. goods: senior U.S. officialThe U.S. government expects China to honor its commitments to buy more U.S. good...
Les mer »
Coronavirus' spread challenges U.S. investors' blue-sky viewU.S. investors' persistent optimism that the coronavirus will be short-live...
Les mer »
Coronavirus Cripples Supply Chains for Many Small U.S. BusinessesSmall U.S. businesses that sell everything from bicycles to custom software are struggling with the ripple effects of the coronavirus epidemic, which has disrupted global supply chains and left Chinese factories closed or short-staffed.
Les mer »
US health officials prepare for coronavirus outbreak to become pandemicThe CDC is holding a briefing Friday on the COVID-19 coronavirus.
Les mer »
With information from China scarce, U.S. spies enlisted to track coronavirusAs Chinese officials face allegations of locking down information about the spread of the coronavirus, U.S. intelligence agencies have been helping in governmentwide efforts to gather information about the disease’s global spread.
Les mer »
CDC has confirmed 34 cases of novel coronavirus in the USUS officials have now confirmed 34 of novel coronavirus in the country, according to an announcement Friday by the US Centers for Disease Control and Prevention. These include 21 cases among repatriated individuals, as well as 13 US cases.
Les mer »