The U.S. dollar hit a four-week high on Tuesday as Sterling tumbled amid fears about a no-deal Brexit, and equity markets tumbled amid rising worries about a surge in coronavirus cases.
Traders lapped up the safe-haven dollar after equities tumbled on Wall Street. The sell-off in the technology space spread to other sectors as well, and the major averages all ended with sharp losses today. The Nasdaq tumbled 4.11%, while the Dow and the S&P 500 lost 2.25% and 2.78%, respectively.
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