Dollar soared When investors worry about the epidemic

US Dollar and Forex Market and Forex Trading

Dollar soared When investors worry about the epidemic

The dollar index, which is a measure of the movement of the dollar against 6 major currencies in the basket of currencies. Rebounded today While investors buy dollars as a safe currency Amid concerns about the surge in the number of Covid-19 people in the United States.

At 22.57 hours, the Thai baht was stable at 107.19 yen, while the euro depreciated 0.02% to 120.19 and dropped 0.06% to 1.1210. The dollar index Which is a measure of the movement of the dollar against 6 major currencies in the basket of currencies plus 0.12% to 97.55.

The US Centers for Disease Control and Prevention (CDC) states that Number of people infected with Covid-19 May be 10 times higher than the number reported

The Center for Science and Systems Engineering (CSSE) at the John Hopkins University reports that the number of people infected with Covid-19 In the United States is 2,422,312 people and the death toll is 124,415 people, now the US is ranked no. 1 in the world for the number of people infected with the virus, Covid-19. And the deceased

CDC director Robert Redfield said the assessment was based on antibody testing. Which indicates that at least 24 million Americans are currently infected with Covid-19.

Mr Redfield believes that About 5-8% of the US population has been infected with Covid-19.

In addition, Mr Redfield also warned that More than 90% of Americans are at risk of being infected with Covid-19.

The dollar is not affected. After the US Department of Commerce revealed that Personal consumer spending in the United States rose 8.2% in May, but lower than analysts had expected at 9.0% after falling 12.6% in April, the biggest recession since. Since data collection began in 1959

Consumer spending is boosted by the government’s easing of lock-down measures. After the economic shutdown to prevent the spread of the covid-19 virus Resulting in the closing of various shops Resulting in a large number of unemployed And drag the demand on product spending

However, personal income dropped 4.2% in May after 10.8% rise in April.

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