Lately, the Dollar Index has behaved almost like a fear gauge, reflecting the temperature of investors’ sentiment, rising with fear, and dipping when optimism dominates. Over the last few sessions, the index has remained almost flat as the constant tug of war between those believing in a quick V-shaped recovery and others worried about the economic impact of a coronavirus resurgence remains undecided. Later today, sets of crucial data on US PMI and unemployment will perhaps give more clarity and direction for the safe haven Dollar.
