Investors Ditch Dollar for Riskier Assets – 17 December, 2020

The dollar was on track for its worst week in a month as investors fled to riskier assets. Against the yen, the dollar was at a nine month low, while the euro shot up 3% to $1.2254. The Australian dollar is on track for a seventh consecutive week of gains and up 9% in the last month. The New Zealand dollar is on its eight consecutive week of gains and was at a 2 1/2 year high of $0.7170 on better than expected national growth data. The dollar last stood at 89.862 against a basket of currencies and last traded at 103.28 against the yen.