Dollar climbs to three-week peak; U.S. jobs data shrugged off [View all]
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......
= new reply since forum marked as read
