Safety bid supports dollar as coronavirus surge shakes confidence – ZAWYA

Safety bid supports dollar as coronavirus surge shakes confidence – ZAWYA

Safety bid supports dollar as coronavirus surge shakes confidence | ZAWYA MENA Edition HomeMarketsCurrenciesArticleSafety bid supports dollar as coronavirus surge shakes confidence Risk-currency rally stalled as dollar holds ground    Image used for illustrative purpose. A packet of U.S. five-dollar bills is inspected at the Bureau of Engraving and Printing in Washington March 26, 2015. SINGAPORE: A firm dollar kept riskier currencies under pressure on Monday, as a surge in coronavirus cases and the re-imposition of curbs to stop its spread had investors worried that a global economic recovery could be derailed even before it had taken root.California ordered some bars to close on Sunday, following similar moves in Texas and Florida, as cases nationwide soar to record levels each day. Washington state and the city of San Francisco have paused re-opening plans.  That allowed the greenback to hang on to gains ground out last week, and had riskier currencies such as the trade-exposed Australian and New Zealand dollars parked toward the bottom of ranges they have held for several weeks.  California ordered some bars to close on Sunday, following similar moves in Texas and Florida, as cases nationwide soar to record levels each day. Washington state and the city