The dollar paused on Friday as concerns about a surge in coronavirus infections in the United States and elsewhere supported the safe haven Japanese yen, while risk-sensitive currencies lost ground.
More than 60,000 new COVID-19 cases were reported across the United States on Thursday, the largest single-day tally by any country in the global pandemic so far, discouraging some American consumers from returning to public spaces.
Some Asia Pacific cities that had appeared to have contained the disease, such as Tokyo, Hong Kong and Melbourne, have seen alarming new spikes in infections, dampening the mood further.
The caution helped to drive the safe-haven yen up by 0.4% to a two-week high of 106.81 per dollar. The dollar gained against most other currencies, although the strong performance of the yen meant its index was last broadly flat.
Source : Reuters
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