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Check dollar prices due to the Corona vaccine

Check dollar prices due to the Corona vaccine

The dollar weakened on Friday as risk appetite waned in the currency markets. Concerns about the economic consequences of the spike in COVID-19 cases in Europe and the United States have caused. Dilute initial enthusiasm about a potential vaccine.

Global markets rose on Monday after Pfizer said its experimental vaccine is more than 90 percent effective. This is the news that led to the rise of the dollar as traders closed their credit positions in yen.

However, dealers became more risk averse on Thursday and Friday. After the presidents of the US Federal Reserve and the European Central Bank stressed that the economic outlook is still clouded by uncertainty.

The dollar fell in early London trade, down about 0.1 percent during the session. By 0817 GMT to 92.884 against a basket of currencies.

The safe-haven yen continued, which fell nearly 2% against the dollar on Monday. Recovering some of its losses, it rose about 0.1 percent to 105.07.

Despite the rally, the Yen was still heading towards its worst week since March.

The Australian dollar, an indicator of liquidity in risk, was generally flat during the session. It declined slightly during the week as caution about the economic fallout of the virus outweighed optimism about a vaccine.

The New Zealand dollar fell 0.2 percent against the dollar, to 0.6823, but rose in the week. After it jumped to its highest level since March 2019 after the New Zealand Reserve Board meeting on Wednesday.

The euro rose slightly during the session, to $ 1.18105, ahead of the Eurozone GDP data.

Against the safe-haven Swiss franc, the euro extended the gains it made earlier in the week. It rose more than 1 percent for the week as a whole, to 1.08105


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