Gold has gotten crushed over the past ten days. Despite a safe-haven run, the dash for cash has taken almost 15% out of Gold prices in less than two weeks.

Another surge in the US Dollar is boosting the DXY Index toward three-year highs amid the coronavirus-driven cash crunch that’s steering EUR/USD lower while USD/JPY and USD/MXN rise.

USD/CAD exploded higher this week as volatility surged and crude oil collapsed further. Now, the pair has slowed its ascent near the 2016 high and is showing signs of weakness.

The Japanese Yen fell as the haven-linked US Dollar benefited the most amid global economic uncertainty. USD/JPY soared back towards the 2019 peak. AUD/USD gained on an RBA bond-buying plan.

The current environment may keep AUD/USD under pressure especially as the Relative Strength Index (RSI) pushes deeper into oversold territory.

The petroleum-linked Norwegian Krone is the worst performing G10-currency this year and has plunged against the US Dollar and Euro amid a market-wide decline in risk-oriented assets.

The US Dollar hit record highs versus the Indian Rupee. The Nifty 50 aims for its worst month since 2008 as the coronavirus complicates a fragile banking sector. USD/INR may rise.

Crude oil prices got a lift from hopes the United States might at some point step in to calm the market conflict between key producers Russia and Saudi Arabia.

Amid an aggressive selling bout, EUR/USD plunged below a crucial support level as the spread of the coronavirus continues to lower Europe’s baseline economic growth outlook.

The British Pound is bouncing back against a weaker US dollar after an untamed sell-off saw the pair shed 18 big figures in just two weeks.