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Bloomberg Dollar Index Rises to Record Amid Staggering FX Moves

  • Greenback advances 9% versus Norwegian krone, soars vs. pound
  • Drivers said to be liquidity stress, rush for dollar liquidity
Treasury Secretary Mnuchin Views Production Of Currency Bearing His Signature
Photographer: Bloomberg/Bloomberg
Updated on

The Bloomberg dollar index surged to an all-time high as economic slowdown fears persisted in the face of governments’ pledges of stimulus to combat the damage from the coronavirus.

The gauge of the U.S. greenback gained for a seventh straight day amid turbulence in equities and bonds as investors sought to raise cash. Dollar-funding markets remained strained, although improved from extreme levels in recent days amid efforts by central banks, including the Federal Reserve, to add liquidity.