U.S. Dollar Rises

With the economic turmoil from the COVID-19 virus, the U.S. dollar rose again. During economic uncertainty, the dollar gains value as investors seek stability, and the U.S. dollar is generally regarded as one of the safest, if not the safest, currencies in the world. For the week, the dollar is up about 3 percent against a basket of other currencies. Surprisingly, the dollar is also up against the Japanese yen, which is also regarded as a safe haven currency.