Invest in alarm clocks
-
Virus containment could spell trouble for the dollar
It didn’t take long for the US dollar to reclaim its crown as king of currencies after a brief but sharp sell-off in late February. An acute shortage of dollars across global markets, driven by a panic rush for cash as the virus turmoil deepened, has bolstered the US currency’s safe haven status. But amid some tentative signs of a possible levelling-off in the rise of new infected cases, is there a risk of the dollar falling off a cliff? As the COVID-19 crisis has slowly unfolded, the progressing phases of this health emergency have brought about a different reaction in currency markets. When the coronavirus ... (full story)