Bad news fuels US dollar recovery

From westpaciq.westpac.com.au Watch this video at https://www.forexfactory.com/news/1008699-bad-news-fuels-us-dollar-recovery.

The US dollar’s steep decline from mid-May to early June has been arrested, but unfortunately its comeback has been mostly driven by bad news. Equities have found support from generous monetary and fiscal policy globally and many countries are reopening their economies, including for some travel. And this is still the case in some parts of the US too, notably New York where restaurants and beaches are reopening. But rapid growth in Covid-19 cases in populous states such as Texas, Florida and California has driven a rebound in the national total ...