The US Dollar continues to strengthen during the morning trading session in Europe, as the flight to safety intensifies with a cascade of sobering numbers from around the globe illustrating the scale of the economic recession triggered by the coronavirus crisis. The greenback is gaining ground against all other major currencies pushing the Dollar Index to the vicinity of 100. Interestingly, the Dollar is recording gains against both the Japanese Yen and the Swiss Franc, outperforming the two refuge currencies par excellence in terms of safe-haven appeal.
