New Lockdown Measures Boost Dollar and Yen – 14 October, 2020

Rising coronavirus cases helped support the dollar and the yen, with countries such as France have imposed curfews to try and curb the spread of the virus. The safe-haven yen was just shy of a two-week high of 105.04 and last traded at 105.25 per dollar in early trading. The Australian dollar was slightly lower at $0.7129 on comments by the Reserve Bank of Australias Governor Philip Lowe about possible rate cuts. The pound was 0.5% higher to $1.3018, and the greenback was steady at 93.400 against a basket of major currencies and $1.1749 against the euro.