The US Dollar Index, which measures the performance of the greenback versus a basket of other currencies, was pretty much flat during early Thursday trading. Recently investors had sought refuge in the dollar, with the fallout from the coronavirus creating a very risky trading environment with losses across nearly all sectors. Today however that move towards the dollar is on hold, with all eyes and ears on the US jobless claims due to be published later. Should the numbers mark an improvement on the record 3.3 million new claims released last week, we will probably see a growth in risk appetite which, in the current context, could incite greenback losses. On the other hand, if the new jobless claims number is within last week’s ballpark, fear is likely to once again take over and offer further support to the dollar.
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