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Dollar holds gains as pandemic fears drive U.S. bond rally

From reuters.com

The dollar held gains against the yen on Thursday as growing fears that a coronavirus outbreak is turning into a pandemic boosted demand for the safety of U.S. Treasuries. The dollar also traded near a three-month high versus the pound due to worries Britain’s trade talks with the European Union were stalling and dashed expectations for big fiscal spending. The euro, however, held up against the greenback’s wider advance as traders eyed reports that Germany’s finance ministry is considering easing fiscal spending restrictions to boost its flagging economy. Most currencies were locked in narrow ranges as traders ... (full story)

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  • Category: Fundamental Analysis