(01 April 2020)DAILY MARKET BRIEF 2:The US dollar index shortly fell

<p>The US dollar index shortly fell below the 99 mark on Tuesday. But if the equity markets are hit by a renewed wave of a global sell-off, the US dollar will certainly be the first destination to welcome the freed cash.</p>
<p>On the other hand, no matter the deterioration in the US data, the Federal Reserve (Fed) can hardly pledge to do more than buying an unlimited amount of assets and debt as a response. As such, the expectation of ugly economic data and further market headwinds keep US treasuries in demand. The US 10-year yield stands at 0.627%.</p>
<p>The EURUSD remains capped below its 200-day moving average, 1.1050. The British pound trades a touch below the 1.25 mark against the greenback.</p>
<p>Gold retraced to $1566 per oz but the yellow metal could regain the $1600 handle on the back of increased safe haven flows.</p>