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.

Россия Последние новости, Россия Последние новости

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