Dollar rises, pound falls as COVID-19 lockdowns stoke safe-haven bid

21.12.2020 - Kulakov Vladimir
Dollar rises, pound falls as COVID-19 lockdowns stoke safe-haven bid

The dollar gained against other majors on Monday with investors rushing to safe-havens as countries imposed stricter COVID-19 restrictions.

The pound was on course for its biggest decline in three months against the dollar. It was down 1.14% to $1.3336. Against the dollar, the euro fell 0.6% to $1.21860.

The risk-sensitive Aussie and kiwi sank 0.7% to sit at 75.672 and 70.88 U.S. cents, respectively. 

The negative market sentiment outweighed an agreement among U.S. congressional leaders for a $900 billion coronavirus relief aid. 

The dollar index climbed 0.2% to 90.461 after falling to 89.723 on Thursday, its lowest level since April 2018. The greenback rose 0.1% to 103,410 against the yen. 

In offshore trade, the Chinese yuan was up 0.2% to 6.5346 on the dollar and stood at $6.5505 onshore.

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