UUP - U.S. Dollar Shows Strength

The value of the US dollar strengthened on Wednesday.

For a while the cost of one Euro dropped below $1.1000 while the US dollar index (DXY) closed the day at 98.27, its highest level since late November.

The immediate reason given for the rise is that investors and traders have become less worried about the Chinese virus as a real economic disrupter.

This explanation was given for the rise in the US stock market, the S&P 500 index and the NASDAQ index hit new historical highs.

It seems to me that there are other factors

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