The dollar continued to perform strongly across the board yesterday, hitting multi-year highs against a range of currencies. The greenback is benefitting from its safe haven status during this time of crisis.
Treasury Secretary, Steven Mnuchin, warned senators that without action, the coronavirus pandemic could drive the US unemployment rate to 20%.
The Dow Jones Index dropped below 20,000, wiping out all gains made since Trump’s Presidency. CEOs from America’s biggest companies called on Congress to “act boldly” to limit the economic affect of the pandemic.
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