February 10-14, 2020. Coronavirus strengthens the dollar

2020-02-09

In the coming week, the intensity of economic news is low. The main focus will be on the situation around the coronavirus. The UN World Health Organization will lead the search for a vaccine, an experimental sample of which can be made in the near future. In this case, Asian and European currencies will respond positively to the real successes of biologists. But while the dollar continues to strengthen. It turns out to be stronger than all other currencies in this situation.

If the New Year holidays in China last, or the closure of production continues, this will lead to an even greater strengthening of the dollar. In this case, there will be a lot of negative comments and forecasts of large companies, which will lead to a new wave of capital movements. Beneficiaries of investments other than the dollar will be gold, US Federal Reserve bonds and cryptocurrency.