|
Dollar turns higher on renewed Covid-19 concerns
The US dollar rose against most of its peers on Monday, thanks to strong safe-haven demand amid a broad sell-off in stock and commodity markets due to renewed coronavirus concerns.
World Health Organization data stated that coronavirus infections have increased in the USs, Europe and Asia due to the new Delta strain, which has renewed fears of the pandemic spreading out of control.
The US government revealed that the average infection during the past seven days until Friday was about 30,000 cases, which is higher than June's average of 8,000 cases.
The dollar index rose against a basket of major currencies by 0.2% to 92.8 points as of 17:52 GMT, after hitting a high of 93.04 points and a low of 92.6 points.
Thanks for your feedback.
Gold turns lower on rising dollar
Gold prices fell on Friday, as the US dollar rose against most of its major counterparts.
MoreOil falls to 6-week low after OPEC+ agrees to increase production
Oil prices fell on Monday, deepening losses for the fourth straight day, and hit a 6-week low, after OPEC-Plus agreed on an output hike starting from next August, and amid renewed oversupply concerns, especially after the US oil production accelerated.
MoreGold continues slide on firm dollar
Gold prices fell on Monday, deepening losses for the second straight day, near falling below the $1,800 mark, weighed down by rising US dollar.
More