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Greenback regains lost ground
The US index held on to the 93 handle yesterday as it closed almost 0.50% higher.
The move came as investors became cautious after a Johnson & Johnson COVID-19 study was paused, reducing optimism about a vaccination.
In addition, dollar gains appeared to correspond with a downshift in market sentiment. This comes as hopes dimmed that a fiscal stimulus deal could be reached before the presidential election.
As Donald Trump declared that he is now immune from the coronavirus, an American patient yesterday contracted the virus for a second time.
This could lead to more negativity towards the President as Biden extends his gains in the national polls.
EURUSD Loses 1.18 as Market Sentiment Deteriorates
The euro registered its biggest single-day loss since August as it closed 0.56% lower on Tuesday.
The recent dollar strength added to the negative sentiment hovering around the eurozone.
German ZEW index data showed a larger than expected decline of economic...
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