The Dollar Index reached an eight-week high during early Wednesday trading. The greenback’s strength largely results from weakness elsewhere. Investors are dumping the Euro and the Pound as the virus seems once again to be out of control, with a new economic shock looming on the old continent’s horizon. At the same time, support offered by hawkish comments made by the Chicago Fed President, alluding to inefficiencies of quantitative easing and the possibility of raising interest rates before inflation averages 2%, also helped to increase the appeal of the Dollar.
