US dollar hits 2-year low amid virus struggle, funds' short interest - Business Insider

fell to its lowest level since May 2018 on Tuesday as investors grew more bearish toward the currency.

With short interest in the dollar booming and other countries better handling their outbreaks, the currency stands to fall further before regaining its strength.The greenback slid to a two-year low on Tuesday as investors grew increasingly concerned about how a stimulus deadlock could exacerbate the coronavirus' economic scarring.— which tracks the dollar's value against a basket of other currencies — fell as much as 0.8% to its lowest since May 2018.

The US Fed needed to engineer a yield curve collapse. That's why the dollar is falling. Now that ust yields have fallen, the other central banks can collapse their yield curves further. Stop with the political red herrings.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside the 20,000-member trading community started by college students - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Mortgage delinquencies spike 8% to a 9-year high amid COVID-19 crisis - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 8%... Smh just a start too
Source: BusinessInsider - 🏆 729. / 51 Read more »

Sturgis Rally phone data shows attendees' travel in US amid pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Will anyone miss these people when they get Covid? That’s pretty amazing how they can do that
Source: BusinessInsider - 🏆 729. / 51 Read more »