In the News

Value of the dollar index (DXY)

(Axios) The Fed has another reason to consider cutting interest rates — the strengthening U.S. dollar.

“With the coronavirus, a new tough situation presents itself that could lead to Fed intervention and thus affect the buck in a negative way,” Juan Perez, senior FX trader and strategist at Monex, tells Axios.

“But the ongoing contractions elsewhere along with the disease crisis are keeping the resilience of the dollar intact.”

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