U.S. Dollar Index (DX) Futures Weakens Under 93.900, Strengthens Over 94.110

The U.S. Dollar rose against a basket of major currencies on Thursday as investors shied away from risky assets, increasing the greenback’s appeal as a safe-haven asset. The catalysts behind the rally were fears that a resurgence in coronavirus cases and a lack of more U.S. fiscal stimulus would hobble the world economy. On Thursday, the December U.S. Dollar settled at 93.864, up 0.498 or +0.53%. An unexpected rise in the U.S. weekly jobless claims figures further reinforced concerns that the U.S. economy may sputter if the government does not act soon to shore up growth, especially in the face of a spike in … (full story)

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