Dollar holds weekly gains as the recovery of pandemic stalls

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Dollar holds weekly gains as the recovery of pandemic stalls

October 20
04:15 2020

The U.S. dollar has increased 0.8% against a currencies basket so far this week, its biggest weekly ascend since late September.

The dollar was set out toward its greatest seven day stretch of the month on Friday, as flooding Covid cases and slowed down advancement toward U.S. upgrade had apprehensive traders looking for safer investments. 

A surge in Dollar demand pushed the Japanese currency lower, though the safe-haven Yen is high 0.2% for the week. Currencies that are risk-sensitive were hit hardest, with the AUD dropping nearly 1% on Thursday to an over fourteen-day low of $0.7057.Also, the euro fell 0.3% against the dollar overnight. 

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