Us Dollar Rebounds
The economy of the United state Is getting very strong, Due to the Corona virus economy of the Asia is struggling hard against the US dollar because the US dollar is getting Its continue gain in its economy, The Europe is also struggling hard to get back in the market. But not looking best in its way to the economic crisis.
At 03:05 ET (0805 GMT), EUR/USD traded at 1.0798, after pushing as low as $1.0786 for the first time since April 2017. The U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 99.323, having earlier climbed as high as 99.382, at heights not seen for over two years. USD/JPY climbed 0.2% to 110.09, GBP/USD traded at 1.30, while USD/CNY traded around the physiologically important 7 level.
From the above explanation it’s quite clear that the Europe is getting weaker and also the Asians are not doing its best against the fighting growth of the US dollar. The china is also showing its trading in the stock market because china is the second largest economic country in the world. As the Chinese market is badly affected because of the Covid-19, the manufacturing industries of the China were affected with the pandemic of corona virus which is not good for the Chinese economy.
Trump is trying hard to make the Us economy more fast and he is trying to take over the market also he want to take over the crypto market by announcing the new coin Called US Digital coin which will get trillion dollars investment , It will highly volatile the crypto market. The market will be not stable for now the economy of the many countries will take a very long time and the Unemployment rate is very high but there recovery will take longer time than expected.
The china market is going to open and they will start export soon, this will recovers there economy loss very soon as they take over the corona virus pandemic , They are fast in recovery than the whole world.