Dollar eases as virus cases rise

05.01.2021 - Davydova Maria
Dollar eases as virus cases rise

The dollar rose on Tuesday as worries about rising coronavirus cases and uncertainty about U.S. runoff elections in Georgia boosted demand for safe assets.

The dollar held overnight gains in early Asian trade on Tuesday after U.S. stocks fell from record highs at the start of the year.

The pound fell under pressure as Prime Minister Boris Johnson imposed a nationwide lockdown to contain the new strain of coronavirus. It was little changed at $1.3572 in Asian trade. It fell 0.73% on Monday, the most since Dec. 10.

The dollar index sat at 89.865 after rebounding from a 2 ½-year low of 89.415 on Monday. The safe-haven yen stood at 103.135 against the dollar. It rose to 102.715 on Monday, its highest level since March. 

The euro steadied at $1.22535 after hitting $1.231 on Monday for the first time since April 2018. 

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