The US dollar is rising globally, with fears of a global recession

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The US dollar is rising globally with the concerns of the global economic recession, today, Wednesday, April 1, 2020 11:39 am

direct: The US dollar rose against a basket of major currencies during Wednesday’s trading, supported by being a safe haven in the midst of crises amid fears of a global economic recession looming on the back of the repercussions of the corona’s spread.

The green currency’s performance came amid global panic from the effects of “Covid-19” on the economies of countries, which prompted investors to resort to “cash” cash to benefit from them during crises, amid increasing global restrictions and national closures in most parts of the world.

The Federal Reserve expanded the ability of dozens of foreign central banks to access the dollar during the Koruna crisis by allowing them to exchange their US Treasury bonds for dollar loans overnight.

The American Investment Bank wasGoldman Sachs“He expected the US economy to shrink by 34 percent with a jump in the unemployment rate to reach 15 percent amid the ongoing crisis.”

The number of korna victims in the United States has risen to 4,081, with more than 189,000 people injured so far, according to Johns Hopkins University.

Expectations for US construction spending and manufacturing activity will be released later today.

By 8:52 am GMT, the greenback rose against the euro by 0.7 percent to 1.0952 dollars, while it settled against its Japanese counterpart at 107.55 yen.

The US dollar fell against the pound sterling by 0.5 percent to $ 1.2364, and saw an increase against the Swiss currency by 0.4 percent to the level of 0.9648 francs.

During the same period, the main index of the dollar, which follows the performance of the green paper against six major currencies, increased by 0.5 percent to the level of 99.574.



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