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.
