During today's Asian trading, the US dollar rose slightly against major currencies, continuing yesterday's increase.
Traders continue to monitor the situation with the spread of coronavirus in the world. In China, 209 cases of COVID-19 infection were registered on Tuesday, which was the highest daily level since March last year. Despite the fact that this level is very small compared to the number of cases in Europe and the United States, the Chinese authorities, pursuing a zero tolerance policy for COVID-19, decided to introduce a lockdown in the northern provinces of the country.
Although COVID-19 continues to spread around the world, causing particularly severe damage to aviation and travel companies, investors still believe that the global economy will be able to cope with this.
The ICE index, which tracks the dynamics of the dollar against six currencies (euro, swiss franc, yen, canadian dollar, pound sterling and swedish krona), rose by 0.05%.
In the long term, analysts expect a bullish trend in the dollar due to the upcoming Fed rate hikes and the obviously reduced likelihood of new lockdowns in the United States.