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US Dollar soared robustly in the past six sessions in a row as coronavirus infections have been steadily declining over the past month. In addition, strong economic data from all over the world is adding to investor's sentiments. Some investors blame the selloff in British Pound and Euro value backed the US dollar value upside.

European stocks plunged sharply on Tuesday as losses from Wall Street are weighing on investor's sentiments. The tech-heavy Nasdaq index plunged more than 4% on Tuesday with the largest single-day losses from big stocks like Apple, Amazon, and Facebook. Shares of Tesla plunged at a double-digit rate on Tuesday.

Boris Johnson has threatened to walk away from the EU at the end of the this year without a new trade deal in place, potentially disregarding the Brexit divorce agreement he signed a year ago.

The European stock markets rebounded sharply on Monday after posting the largest weekly loss in the last three months. The Monday gains are supported by a rally in auto markets along with some recovery in tech stocks. Last week selloff was mostly blamed on US tech stocks.

Ford stock price lost a third of value so far this year amid slower demand and global economic meltdown. The shares of one of the oldest vehicle makers are under pressure at the moment due to the expectations for an annual loss.

Asian markets open with continued weakness for a second consecutive session. Oil falls more than 1% on Saudi price cuts , but China imports remain strong. Chinese and US equity bourses in the red along with Japan's Nikkei index.

The USD index continues trading in a tight range around 93 levels amid bullish economic reports that are offsetting Federal Reserve’s low-interest-rate policy. The USD index recovered from twenty-seven months low last week as US jobs came in better than expectations. Strong services and manufacturing data is also adding to investor's sentiments.