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Dollar’s Nascent Revival Shows Value as Haven Currency of Choice
A nascent revival in the dollar, after a summer of predictions about its demise, is highlighting why it’s still the ultimate haven currency. After abandoning the greenback due to the Federal Reserve’s accommodative policy, some investors are piling back in, leading to a squeeze of short positions. Liquidity, yield advantage and a lack of alternatives have helped to rekindle interest just as the U.S. starts to get a handle on the coronavirus pandemic in some places. The Bloomberg Dollar Spot Index is poised to gain more than 1.5% this week, the biggest five-day advance since April. Technicals suggest more gains ... (full story)
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