Dollar stymied as mood swings between recovery hopes and virus fears – ZAWYA

Dollar stymied as mood swings between recovery hopes and virus fears – ZAWYA

Dollar stymied as mood swings between recovery hopes and virus fears | ZAWYA MENA Edition HomeMarketsCurrenciesArticleDollar stymied as mood swings between recovery hopes and virus fears Against a basket of currencies the greenback retreated from a one-week high hit on Friday and dipped 0.2% to 97.303    An employee counts U.S. dollar bills at a money exchange office in central Cairo, Egypt, March 20, 2019. Image for illustrative purposes.SINGAPORE - The dollar struggled to make headway on Monday, and riskier currencies inched ahead, as investor sentiment swung between hopes for a global economic recovery and fears that a fresh wave of coronavirus cases could undermine the revival.Against a basket of currencies the greenback retreated from a one-week high hit on Friday and dipped 0.2% to 97.303. The trade-exposed Australian and New Zealand dollars rose about 0.2% to near the middle of recent ranges.California ordered some bars to close on Sunday, following similar moves in Texas and Florida, as cases nationwide soar to record levels. Washington state and the city of San Francisco have paused re-opening plans.  Against a basket of currencies the greenback retreated from a one-week high hit on Friday and dipped 0.2% to 97.303. The trade-exposed Australian and