The dollar was up on Wednesday morning in Asia, with investors turning to the safe-haven asset amid continuously-rising numbers of COVID-19 cases.<\/p>\n\n\n\n
Investor sentiment was further dampened over a warning from several U.S. Federal Reserve officials that the rising number of cases could jeopardize economic recovery, with some stimulus programs from central banks due to expire soon.<\/p>\n\n\n\n
\u201cThe mood changes day by day, but the dollar looks to be supported for now as investors turn more cautious about the virus,\u201d Yukio Ishizuki, foreign exchange strategist at Daiwa Securities, told Reuters.<\/p>\n\n\n\n
\u201cThe Fed\u2019s comments on the economy sound sombre. There\u2019s reason to worry because it is hard to see when the virus will be brought under control.\u201d<\/p>\n\n\n\n
The U.S. Dollar Index<\/a> that tracks the greenback against a basket of other currencies gained 0.06% to 96.895 by 12:09 AM ET (5:09 AM GMT). The USD\/JPY<\/a> pair was up 0.09% to 107.60.<\/p>\n\n\n\n The AUD\/USD<\/a> pair lost 0.08% to 0.6941. The AUD took a hit after the country\u2019s second-largest city Melbourne re-imposed lockdown measures to curb the outbreak.<\/p>\n\n\n\n The NZD\/USD<\/a> pair fell 0.07% to 0.6542.<\/p>\n\n\n\n The USD\/CNY<\/a> pair gained 0.09% to 7.0188, with the yuan taking a hit after the People\u2019s Bank of China set a lower-than expected daily midpoint for the yuan.<\/p>\n\n\n\n The GBP\/USD<\/a> pair gained 0.14% to 1.2557. The pound was boosted by British Prime Minister Boris Johnson\u2019s re-commitment to reaching a trade deal with the European Union.<\/p>\n\n\n\n But investor skepticism remained alongside the risk that the deal will not materialize.<\/p>\n","protected":false},"excerpt":{"rendered":" The dollar was up on Wednesday morning in Asia, with investors turning to the safe-haven asset amid continuously-rising numbers of COVID-19 cases. Investor sentiment was further dampened over a warning from several U.S. Federal Reserve officials that the rising number of cases could jeopardize economic recovery, with some stimulus programs Read more<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3035","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/3035","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/comments?post=3035"}],"version-history":[{"count":1,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/3035\/revisions"}],"predecessor-version":[{"id":3036,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/3035\/revisions\/3036"}],"wp:attachment":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/media?parent=3035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/categories?post=3035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/tags?post=3035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}