On Wednesday, Euro sank before EU summit. US dollar rose.
A balance in crude oil prices and a hefty crash in energy prices, have helped to restrain downside momentum in stocks over the past 24 hours.
The S&P 500 and Dow Jones closed 2.29% and 1.99% to the upside respectively after two days of consecutive losses.
The index has pulled back from the three-year high of 102.97 hit in mid-March as the rapid deployment of monetary stimulus measures by the U.S. Federal Reserve eased the strain on dollar funding.
Caution recaptured world markets as a drubbing for U.S. WTI crude oil kicked off a busy week of data and earnings that will drive home the damage being inflicted by global coronavirus lockdowns.
The sharp drop in oil prices was boosting the buck’s appeal as a safe-haven, said Juan Perez, senior currency trader at Tempus Inc in Washington.