Dollar strengthens as COVID uncertainties mount

Tuesday, 13. October 2020 20:40

The United States Dollar rose versus the major currencies on Tuesday, as the traders turned to safe-haven assets amid the worries caused by the coronavirus pandemic and the apparent standstill in the negotiations on the fourth installment of the coronavirus relief package.

Earlier today, US Senate Majority Leader Mitch McConnell said that the next COVID stimulus bill will be worth around $500 billion, while House Speaker Nancy Pelosi reportedly shut down the offer shortly after.

The euro dropped 0.58% against the dollar at 2:37 pm ET, buying $1.17440. A minute later, the British pound tumbled 0.97% versus the greenback to sell for $1.29380. At the same time, the US currency was up 0.14% compared to the Japanese yen, buying ¥105.486.

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Breaking the News / BU