Dollar climbs to three-week peak; U.S. jobs data shrugged off

[turbinetree]

BUSINESS NEWS MAY 13, 2020 / 8:42 PM / UPDATED 25 MINUTES AGO

NEW YORK (Reuters) - The dollar rose to a three-week high on Thursday, as stock markets weakened broadly after Federal Reserve Chairman Jerome Powell dismissed speculation over U.S. interest rates entering negative territory.

European stock markets fell, and U.S. stocks were also down, the third consecutive session of losses and sending investors to the relative safety of the greenback.

Comments from top U.S. infectious disease expert Anthony Fauci earlier this week, warning about the premature lifting of lockdowns that could lead to additional outbreaks of the deadly novel coronavirus, also dented market sentiment, analysts said.

“This whole week has been fairly risk off. There’s a lot of factors to point to, from Powell, to Fauci, to Trump,” said John Doyle, vice president of dealing and trading, at Tempus Inc. in Washington.

“Still, the dollar is king when this happens,” he added.

https://www.reuters.com/article/us-global-forex/dollar-climbs-to-three-week-peak-u-s-jobs-data-shrugged-off-idUSKBN22Q025?il=0

he warned of a recession..............really, lets get real.......depression......

[uponit7771]

1. A run to the dollar is not a good sign for indexes, means people are running back to safety. Pelosi

... is the most powerful person in the US or the planet right now.

She doesn't get what she wants through the 3rd bill shit will hit the fan quick fast and hard

[turbinetree]

2. Yepper spot on....................

And a lot of people will not have a pot to piss in.......you can see how the right wing is trying to play this..........we don't need to have it, and then lets blame the Democrats for not negotiating in good faith.......this train is coming and there are not a lot of tracks for it.......and this needs to be laid right at the feet if of all the right wing libertarians republicans on this issue......and the media should also be saying this ..........