Dollar Gains As Infections Spread – 18 June, 2020

Fear of a second wave of the deadly coronavirus and a drawn out economic recovery had investors rushing to the safe haven dollar, helping the currency to its best week in over a month. Just under a two week high, the dollar was 0.3% for higher for the week against a basket of currencies, its biggest weekly gain since mid-May. The Australian dollar was slightly higher, rising by 0.1% to $0.6861, while the New Zealand Dollar dipped to $0.6407. The yen las stood at 106.90 per dollar, and the pound was just above a two week low at $1.2432. The euro has lost roughly 1.3% against the dollar and last stood at $1.1212.