U.S. dollar rises amid coronavirus fears

Wed, 25 Nov 2020

U.S. dollar rises amid coronavirus fears

Xinhua
27 Oct 2020, 05:44 GMT+10

NEW YORK, Oct. 26 (Xinhua) -- The U.S. dollar climbed in late trading on Monday as safe-haven demand increased amid surging COVID-19 cases.

The dollar index, which measures the greenback against six major peers, rose 0.29 percent at 93.0472.

In late New York trading, the euro fell to 1.1812 U.S. dollars from 1.1857 dollars in the previous session, and the British pound was down to 1.3018 dollars from 1.3034 U.S. dollars in the previous session. The Australian dollar fell to 0.7125 U.S. dollar from 0.7134 dollar.

The U.S. dollar bought 104.84 Japanese yen, higher than 104.73 Japanese yen of the previous session. The U.S. dollar rose to 0.9073 Swiss franc from 0.9044 Swiss franc, and it increased to 1.3201 Canadian dollars from 1.3144 Canadian dollars.

The moves came as new coronavirus cases continued to soar in some major economies including the United States and Europe.

The United States saw more than 83,000 new infections both on Friday and Saturday, exceeding a previous single-day record of about 77,300 cases set in July, according to data compiled by Johns Hopkins University.

The global COVID-19 caseload has surpassed 43.3 million with the death toll over 1.15 million as of Monday afternoon, showed a tally by the university.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to South East Asia Post.

More Information

26 ℃

Mostly Cloudy in Seletar

International

Section

White House formally engages in transition to Biden presidency

WASHINGTON, DC - The General Services Administration has ascertained that President-elect Joe Biden is the "apparent winner" of the November ...

Microsoft to increase Dublin workforce to 2,700

DUBLIN, Ireland - Microsoft Ireland is to create 200 engineering roles to strengthen its existing Dublin-based team of over 600 ...

Trump-appointed head of VOA has authority dashed by court judgement

The chief executive overseeing the Voice of America and its sister networks has acted unconstitutionally in investigating what he claimed ...

Nicaraguan passenger truck crashes, killing 17, injuring dozens

MANAGUA, Nicaragua, November 24 (ANI): At least seventeen people died and 25 others sustained injuries in a single-vehicle road collision ...

Investigators in Xinjiang blocked by Chinese government

Investigators looking for evidence of forced labor in clothing supply chains in the northwestern Chinese region of Xinjiang on behalf ...

U.S. pulls out of international open skies treaty

WASHINGTON, DC - The United States is no longer a party to the Open Skies Treaty. The U.S, formerly left ...

Business

Section

Dow makes new milestone, U.S. dollar hit by sellers again

NEW YORK, New York - U.S. stocks thundered ahead Tuesday, with the Dow Jones making a new milestone - topping ...

Microsoft to increase Dublin workforce to 2,700

DUBLIN, Ireland - Microsoft Ireland is to create 200 engineering roles to strengthen its existing Dublin-based team of over 600 ...

Sharp gains on Japanese and Australian stock markets

SYDNEY, NSW, Australia - Stocks mostly strengthened in the Asian trading zone on Tuesday.The biggest mover was the Japanese market ...

China's double-digit export growth surprises analysts

SHANGHAI, China - China's double-digit export growth has surprised analysts, lifting hopes for a faster recovery as the COVID-19 crisis ...

Irish government to help small business sector cope with Brexit

DUBLIN, Ireland - The Irish government on Monday opened a new scheme to help small businesses prepare for Britain's exit ...

Brits and Canadians agree to transitional trade pact for after Brexit

OTTAWA, Canada, November 22 (ANI): Canada and the United Kingdom have reached an interim post-Brexit trade agreement, Canadian Prime Minister ...

Movie Review

Little Women