Powell, coronavirus and the escalating geopolitical tensions: demand for the dollar rose, but a rally did not take place

Powell, coronavirus and the escalating political tensions reminded traders of the dollar’s status as a “safe-haven” asset. Thus, during the American session on Tuesday, the USD index reached a local peak of 97.172, up from its value yesterday morning which was 96.4-96.5 points. Further growth of the indicator, however, remains unclear, as during the Asian […]