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Covid-19 cases and perhaps as well November's presidential elections starting to make their mark,” ING added. asset markets on the back of a resurgence in U.S. This is not the benign dollar decline we had envisaged, but instead, one seemingly being driven on a new risk premium being inserted into U.S. “The nature of the sell-off suggests a different dynamic is at play.

“The dollar heads into August under pressure, having seen its largest monthly decline in three years,” said analysts at ING, in a research note. While the dollar has moved higher Monday, this is widely being seen as a technical reaction to the sharp losses of late, mainly against the euro, and these gains could quickly be eroded. economic recovery from the coronavirus pandemic.Īt 3:05 AM ET (0705 GMT), the US Dollar Index, which tracks the greenback against a basket of six other currencies, was up 0.3% at 93.550, rebounding from the two-year low of 92.523 seen late last week.Įlsewhere, USD/JPY was up 0.1% at 105.98, GBP/USD was down 0.1% at 1.3070, while EUR/USD was down 0.2% at 1.1755, more than a cent below Friday's two-year high of 1.1908. To learn more about how and for what purposes Amazon uses personal information (such as Amazon Store order history), please visit our Privacy - The dollar has posted small gains in early European trade Monday, but the general trend remains one of greenback weakness amid mounting concerns about a slowing U.S. You can change your choices at any time by visiting Cookie Preferences, as described in the Cookie Notice.

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Download the new version for apple Magic Word Recovery 4.6