A trader shows U.S. dollar notes at a currency exchange booth in Karachi, Pakistan December 3, 2018. REUTERS/Akhtar Soomro
The largest ever daily rise in crude oil prices helped the greenback to its best day in two weeks against the euro on Thursday, since the United States is the world’s top producer.on Friday - ahead 2.7% for the week. Against a basket of currencies=USD the dollar is up 2% for the week so far at 100.270, its best performance since mid-March.
The coronavirus pandemic is worsening in the United States. As lockdowns extend, weekly jobless claims doubled to a massive 6.6 million last week.
Luckily this is not a financial market collapse like the Great Recession & Depression were. Layoffs not jobs done away with It's just a situational stoppage of demand with a resultant stoppage of supply in a number of areas. Once demand returns, supply will gear up again
Could have seen that coming.
Dollar have no value except for sanction!
Too early
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