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Dollar surge piles pressure on global currencies
In Asian trading on Thursday the dollar index, which measures the world’s reserve currency against a basket of peers, jumped 0.6 per cent as global investors rushed to obtain dollar funding to help them ride out the pandemic. Mansoor Mohi-uddin, a currency analyst at NatWest Markets, said the economic stress from a “dollar squeeze” was moving across the world. The spread of the virus had exposed the risks created by a more than doubling in dollar-denominated corporate debt to $12tn since the 2008 global financial crisis, he added.
https://finance.yahoo.com/m/554fc5e...e0/dollar-surge-piles-pressure.html?.tsrc=rss
In Asian trading on Thursday the dollar index, which measures the world’s reserve currency against a basket of peers, jumped 0.6 per cent as global investors rushed to obtain dollar funding to help them ride out the pandemic. Mansoor Mohi-uddin, a currency analyst at NatWest Markets, said the economic stress from a “dollar squeeze” was moving across the world. The spread of the virus had exposed the risks created by a more than doubling in dollar-denominated corporate debt to $12tn since the 2008 global financial crisis, he added.
https://finance.yahoo.com/m/554fc5e...e0/dollar-surge-piles-pressure.html?.tsrc=rss
