U.S. dollar rises amid coronavirus fears

Xinhua
27 Oct 2020, 05:44 GMT+10

NEW YORK, Oct. 26 (Xinhua) -- The U.S. dollar climbed in late trading on Monday as safe-haven demand increased amid surging COVID-19 cases.

The dollar index, which measures the greenback against six major peers, rose 0.29 percent at 93.0472.

In late New York trading, the euro fell to 1.1812 U.S. dollars from 1.1857 dollars in the previous session, and the British pound was down to 1.3018 dollars from 1.3034 U.S. dollars in the previous session. The Australian dollar fell to 0.7125 U.S. dollar from 0.7134 dollar.

The U.S. dollar bought 104.84 Japanese yen, higher than 104.73 Japanese yen of the previous session. The U.S. dollar rose to 0.9073 Swiss franc from 0.9044 Swiss franc, and it increased to 1.3201 Canadian dollars from 1.3144 Canadian dollars.

The moves came as new coronavirus cases continued to soar in some major economies including the United States and Europe.

The United States saw more than 83,000 new infections both on Friday and Saturday, exceeding a previous single-day record of about 77,300 cases set in July, according to data compiled by Johns Hopkins University.

The global COVID-19 caseload has surpassed 43.3 million with the death toll over 1.15 million as of Monday afternoon, showed a tally by the university.

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