Dollar bides time as coronavirus spread revives global growth anxiety – ZAWYA

Dollar bides time as coronavirus spread revives global growth anxiety – ZAWYA

Dollar bides time as coronavirus spread revives global growth anxiety | ZAWYA MENA Edition HomeMarketsCurrenciesArticleDollar bides time as coronavirus spread revives global growth anxiety Dollar gains slow yuan's rally    A U.S. five dollar note is seen in this illustration photo June 1, 2017. TOKYO: The dollar held onto gains on Wednesday as a resurgence of the coronavirus in the United States and the return of lockdowns in some countries boosted safe-haven demand for the U.S. currency.Risk sentiment was also undermined after Federal Reserve officials expressed concern that rising coronavirus cases could harm economic growth just as stimulus measures start to expire.The yuan fell slightly against the dollar, halting a two-day rally, after the Chinese central bank's daily midpoint for the currency was set at a weaker than expected level.Risk sentiment was also undermined after Federal Reserve officials expressed concern that rising coronavirus cases could harm economic growth just as stimulus measures start to expire.TOKYO: The dollar held onto gains on Wednesday as a resurgence of the coronavirus in the United States and the return of lockdowns in some countries boosted safe-haven demand for the U.S. currency.The yuan fell slightly against the dollar, halting a two-day rally, after the Chinese