USD Dips

Image: TradingView
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Equities want to be bullish and its investors tend to be optimistic long term.  Currency traders aren't bothered either way and it is showing opposite US stocks' performance.  The resurgence of reported plague cases in the US has some governors moving toward economic crushing lockdowns.  When money isn't being earned or exchanged, confidence in the value of that currency wanes.  Manufacturers need to make stuff and workers need to survive.

EURUSD (1.183), USDJPY (104.64), GBPUSD (1.320), CADUSD (0.762), SEKUSD (0.115), and USDCHF (0.913) all contribute to DXY's weaker position since the plague hit the US in March.