MarketDeal24.Com – The United States Dollar (USD) seems to be still in demand on Friday in Europe as markets participants especially investors and speculators are seeking a refuge for investment in this uncertain time.
US Dollar Index, a gauge of the value the greenback against a basket of six other currencies, soared above 100 for the first time in over a week to reach at 100.460, up 0.2% on the day and up some 0.6% on the week.
EUR/USD dropped by 0.3% to 1.0823, while GBP/USD jumped by 0.2% to 1.2367. USD/JPY rose by 0.1% to 108.02.
The outbreak of COVID-19 has forced the developed nations to announce lockdown as authorities across the world have focused on imposing social distancing measures.
As of Friday, the pandemic has shown few signs of abating, with global cases surpassing one million, with more than 53,000 deaths, over 6,000 of which were in the U.S.