The US dollar could potentially weaken against other currencies, including the Chinese yuan, if there is a resurgence of COVID-19 cases, according to Deutsche Bank’s…
During the Monday broadcast of CNBC’s “Street Signs,” Deutsche Bank’s Sameer Goel explained that currency markets are currently dealing with “multiple cross-currents” over fears of a second COVID-19 wave.
The US dollar index, which is the value of the dollar relative to various foreign currencies, was at 97.00 Monday afternoon and has increased since early June, when it was closer to 96.5.
The index decreases when the dollar weakens compared to other currencies.
