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.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue

Help with deposit?