InstaForex analysts: a new strain of coronavirus brought good luck to the dollar
InstaForex talks about panic on the market. The reason is a new strain of coronavirus, which is 70% more dangerous than the previous one. This is a virus from the UK, cases have already been found in several European countries and Australia. Europe is forced to isolate itself from Britain. An emergency meeting of the EU Council will be held in Germany today. Most likely, sea, rail and air communications with the British Isles will be prohibited.
InstaForex claims that traders immediately reacted to the current situation in favor of the American currency. The dollar index on Monday, December 21, jumped from 89.83 to 90.40. Analysts predict further growth for this asset. According to InstaForex analysts, investors are frightened by the uncertainty and lack of information about the mutated virus.
The World Health Organization doubts that the developed vaccine will not be effective against the new strain. The key question is exactly what features a mutated coronavirus has and how dangerous it is. The further fate of the American currency depends on the answer to this question. And now shots are in priority for the eur/usd pair with a target of 1.2090 (on the daily chart, this is the middle line of Bollinger Bands).
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