The U.S. dollar surged against major currencies Tuesday as stress in the market for dollar funding outside the U.S. worsened, despite the Federal Reserve’s efforts to boost availability of the greenback globally.
The dollar rose strongly against most currencies early Tuesday, an unusual flight for greenbacks that is normally only seen in the most stressful market periods. It was more than 1% stronger against the euro and British pound. It was similarly stronger against the yen and the Swiss franc, currencies that tend to strengthen—not...
https://www.wsj.com/articles/dollar-surges-as-investors-seek-shelter-from-market-disruption-11584447525
2020-03-17 15:36:00Z
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