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The dollar rises as concerns about the virus return
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Economy News _ Baghdad
The dollar rose on Wednesday as investors returned to demand for safe havens, leaving high-risk currencies losing some of their gains, thanks to hopes for a slowdown in the Corona virus crisis in Europe and New York.
The US currency rose against most major currencies, a day after it suffered the worst decline against a basket of currencies in about two weeks.
This was not enough to compensate for the losses incurred by the dollar in recent days, but it came after the end of a negative session on Wall Street on Tuesday and the end of the rise in Asian stock markets continued for two days.
The biggest gains for the dollar against its Australian and New Zealand counterparts were the hardest hit, which fell about 0.4 percent.
The Australian dollar was last trading at 0.6137 USD and the New Zealand dollar was 0.5962 USD.
The dollar rose against sterling, euro, yen and Swiss franc. The dollar has been tracking the risk appetite for a month now, as investors and companies who fear the worst are rushing to buy the American currency.
The US currency rose in the most recent trading 0.1 percent to 1.0871 dollars to the euro and rose by the same against sterling to 1.2315 dollars although it remains unable to compensate for the declines recorded on Tuesday.
The US currency rose 0.2 percent against the yen and the franc to 108.93 yen and 0.9714 francs.
The Reuters statistic shows that the number of deaths related to the Coronavirus has reached 81,451 worldwide, with nearly 1.4 million infected. British Prime Minister Boris Johnson, who is HIV-positive, remains in intensive care, although his condition is stable.
Meanwhile, there are indications of a decline in the number of casualties in New York, and there are plans in Europe to start easing measures of general isolation somewhat with the decline in the rate of injuries.
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