Risk of Virus Rise Leads investors to Dollar – 23 September, 2020

Signs of an economic slowdown as new coronavirus infection cases emerge caused the dollar to gain against most currencies. The appeal of the safe-haven currency is likely to continue, as Europe imposes new travel restrictions in an effort to contain the spread. The greenback was last trading at $1.1671 per euro, just below Wednesdays two-month high. The dollar was last trading at 0.9225 against the Swiss franc, near a nine-week high, and 105.42 against the Japanese yen. The pound was near a one and a half month low against the dollar, trading at $1.2732. Against a basket of six major currencies, the dollar index last stood at 94.302, just below a nine-week high. The onshore yuan was steady at 6.8145 per dollar, while the Aussie was near its weakest since July 21 at $0.706, and the New Zealand dollar brought $0.6543.