Dollar Strengthens, Global Outlook Is Grim – 31 March, 2020

The safe haven dollar steadied as investors braced for a global downturn as the coronavirus continues to wreck havoc around the world. The greenback was steady against the Chinese yuan at 7.0810, and 0.3% firmer against the British pound last standing at $1.2381 per pound. The dollar was steady against a basket of currencies at 99.028, and was last trading 0.2% higher against Japanese yen at 107.74 per yen.  The Australian dollar fell 0.2% to $0.6123, while the New Zealand dollar slipped 0.3% to $1.1010. This all comes after the Fed loosened the reigns to allow dozens of central banks access to the dollar, trading in their U.S. Treasury securities for dollar loans.