The Dollar is strengthening versus a basket of other major currencies, with the Dollar Index gaining just over 0.5% during the early part of Wednesday’s session. Many investors are flocking to the greenback due to its safe haven status as bleak data continues to gather and point towards an unprecedented contraction for the world’s economy. It is interesting to note this Dollar strength comes barely a day after the Fed announced robust liquidity measures in response to the surge in demand for the currency and illustrates the scale of the global appetite for greenbacks.
