Morning Bid: King dollar, you reign supreme

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Morning Bid: King dollar, you reign supreme
 © CyprusMail 2022
Whoever coined the phrase “king dollar” certainly had good reason for doing so and currency trading this week only confirms that the epithet holds true.

With recession risks running high, the greenback appears to be an ultimate safe-haven for investors.

And the casualties of the dollar’s surge? Let’s count them: the euro is fast heading towards parity even if it is holding above 20-year lows in Europe this morning. The yen has slumped to its lowest levels in over 20 years, sterling is near its lowest since March 2020 and Russia’s rouble has slid 16 per cent this week....

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Article automatically added to our system on Thursday, July 7, 2022

Morning Bid: King dollar, you reign supreme

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Article Tags: #morning   #dollar   #reign   #supreme  

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