Dollar slump continue on U.S. economic worries, safe-haven yen gains – ZAWYA

Dollar slump continue on U.S. economic worries, safe-haven yen gains – ZAWYA

dollar slump continue on u.s. economic worries, safe-haven yen gains against a basket of currencies, the dollar slid 0.4% to 94.42    a trader shows u.s. dollar notes at a currency exchange booth in karachi, pakistan december 3, 2018. image for illustrative purposesnew york  - the safe-haven yen rose on friday to its highest in more than four-months, while the dollar slumped to near a two-year low, as risk appetite waned due to a host of concerns including a continued rise in coronavirus cases, a delay in the u.s. stimulus package bill and simmering u.s.-china tensions.the dollar posted its biggest weekly decline in almost four months against a basket of currencies and also saw its largest weekly percentage loss against a surging euro since late march."the first key thing is the fed has knocked real rates down into negative territory, you have economic growth differentials turning against the u.s., so essentially the second wave of coronavirus infections is lowering activity across the states and is weighing on the likelihood of a rebound," said karl schamotta, chief market strategist at cambridge global payments.the dollar posted its biggest weekly decline in almost four months against a basket of currencies and also saw