There were some strong bids into the Dollar Index on the 20th of March. The US Dollar has been acting as a safe haven as equity and commodity investors have been setting and converting their positions into cash. The US Dollar is the most liquid currency; this is why we’ve seen strong bids into the Dollar Index.

In this video, Giles Coghlan, the Chief Currency Analyst at HYCM, discusses the reasons for the US Dollar strength and whether we are expecting it to continue in the coming weeks.