U.S. dollar inches up, with spotlight on surge in coronavirus cases – ZAWYA

U.S. dollar inches up, with spotlight on surge in coronavirus cases – ZAWYA

U.S. dollar inches up, with spotlight on surge in coronavirus cases | ZAWYA MENA Edition HomeMarketsCurrenciesArticleU.S. dollar inches up, with spotlight on surge in coronavirus cases The dollar was slightly higher against a basket of currencies 97.426    A U.S. five dollar note is seen in this illustration photo June 1, 2017. NEW YORK  - The safe-haven dollar edged higher in choppy trading on Friday, moving within narrow ranges, as investors grew cautious about a resurgence in U.S. coronavirus cases that has fueled doubts on expectations of a V-shaped recovery for the world's largest economy.Currencies that thrive with higher risk appetite, such as sterling and those linked to commodities like the Australian, New Zealand and Canadian dollars, struggled against the greenback.The U.S. Centers for Disease Control and Prevention (CDC) on Friday reported 2,414,870 U.S. cases of coronavirus, an increase of 40,588 from its previous count, and said deaths had risen by 2,516 to 124,325.Currencies that thrive with higher risk appetite, such as sterling and those linked to commodities like the Australian, New Zealand and Canadian dollars, struggled against the greenback.NEW YORK  - The safe-haven dollar edged higher in choppy trading on Friday, moving within narrow ranges, as investors grew cautious