Dollar rises as oil plummets to record levels

21.04.2020 - Korneychuk Evgeniya
Dollar rises as oil plummets to record levels

The Dollar rose on Monday as investors saw the greenback as a safe haven after oil prices plummeted to record levels the day before.

Crude WTI Futures slid into negative territory for the first time to -$37.63 during an earlier trading session.

The U.S. Dollar Index that tracks the dollar against a basket of other currencies rose by 0.23% to 100.285 by 12:11 AM ET (5:11 AM GMT).

The Japanese Yen (JPY) fell by 0.04% against the Greenback to ¥107.56.

The British Pound Sterling (GBP) fell by 0.25% to $1.2405.

Down under, the Australian Dollar (AUD) slid by 0.49% to $0.6394 while the New Zealand Dollar (NZD) was down by 0.68% to $0.5994. The commodity-linked Antipodean currencies saw losses following the souring risk sentiment as oil prices slumped.

The Chinese Yuan (CNY) gained 0.20% to $7.0862.

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