The US dollar rose sharply against other major currencies because rising number of coronavirus cases in the US raised fears of a second wave of the infection.Dire warning of a long road to recovery as perceived from the economic projections of the US Fed also pushed investors towards safe-haven currencies.Yield on the 10-year US Treasury note ended sharply down on Thursday because investors thronged to the safe-haven asset amid rising fears of a second wave of coronavirus infections in the US.Asia Indices fell sharply today because of fears of a second wave of infections of coronavirus after rise in number of cases in the US.Europe Indices ended sharply lower on Thursday as fears of a second wave of coronavirus infections dampened risk appetite. The economic outlook presented by the US Fed which hinted at a long road to recovery also hit risk appetite. Crude Futures ended sharply lower on Thursday after a rise in crude oil inventories in the US, rise in number of cases in the US stoked fears of a second wave of infections and grim outlook on the economy by the Fed worried investors about demand for the commodity.Gold futures ended higher on Thursday because market participants focused on the Fed’s economic outlook which dampened risk appetite.Rise in number of cases in the US also weakened risk appetite and prompted investors to buy the safe-haven metal.