Euro sharpens decline to two-month low on risk aversion

Euro fell in European trade for the fifth straight session against dollar, hitting two-month lows as investors shun risks. 

EUR/USD fell 0.15% to 1.1644, the lowest since July 27, after closing down 0.4% yesterday on mounting concerns over the global economy. 

The dollar index rose 0.1% on Thursday for the fifth straight session, marking two-month highs. 

Investors continue to shun high-risk currencies, preferring to focus on the dollar amid fears of a second coronavirus wave. 

The coronavirus crisis continues to hammer economies worldwide, with cases surging in Spain, France, the UK, and parts of the US, with some governments reimposing restrictions anew. 

In Europe, new restrictions are expected to push the services sectors back to deep recession.