FOREX Analysis. US virus cases could be slowing but dollar still rattled
The US dollar plumbed fresh lows on Monday, slumping to the lowest in nearly two years against a basket of currencies, as investors shunned the world’s number one reserve currency in favour of the traditional safety of gold. Growing uncertainty about the economic outlook of the United States has dented the safe haven allure of the mighty greenback, with even Wall Street treading water lately.
The US dollar plumbed fresh lows on Monday, slumping to the lowest in nearly two years against a basket of currencies, as investors shunned the world’s number one reserve currency in favour of the traditional safety of gold. Growing uncertainty about the economic outlook of the United States has dented the safe haven allure of the mighty greenback, with even Wall Street treading water lately.