Dollar falls as investor sentiment recovers despite virus surge – ZAWYA

Dollar falls as investor sentiment recovers despite virus surge – ZAWYA

Dollar falls as investor sentiment recovers despite virus surge | ZAWYA MENA Edition HomeMarketsCurrenciesArticleDollar falls as investor sentiment recovers despite virus surge Currencies move in narrow ranges amid risk aversion    A U.S. five dollar note is seen in this illustration photo June 1, 2017. LONDON- The U.S. dollar gave up early gains on Tuesday with currency traders unfazed by diplomatic tensions between the United States and China and rising coronavirus cases.While stock markets initially fell as investors turned cautious, the safe-haven yen and the Swiss franc were both down on the day by 1105 GMT as market sentiment improved.A resurgence of novel coronavirus infections has caused some areas to place new restrictions on business activity, injecting some caution into the multi-month stock market rally that is betting on a rapid economic recovery.While stock markets initially fell as investors turned cautious, the safe-haven yen and the Swiss franc were both down on the day by 1105 GMT as market sentiment improved.LONDON- The U.S. dollar gave up early gains on Tuesday with currency traders unfazed by diplomatic tensions between the United States and China and rising coronavirus cases.A resurgence of novel coronavirus infections has caused some areas to place new restrictions