Dollar firms on virus fears, pound swung by Brexit worries

23.12.2020 - Davydova Maria
Dollar firms on virus fears, pound swung by Brexit worries

The dollar firmed against its peers in holiday-thinned trading on Wednesday as worries about a quick-spreading new coronavirus strain in the UK boosted safe-haven demand.

The pound fell for three straight days as the deadline for a post-Brexit trade deal nears. The dollar index climbed 0.1% to 90.561, extending its gain for the week to 0.7%. 

The pound gained 0.1% to $1.3384, on course to end three straight days of declines.

The market has been set for a pandemic recovery that boosts global growth, decreasing demand for safe-haven currencies like the dollar.

The euro sat at $1.2166, while the dollar was little changed at 103.63 against the yen, another safe haven.

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