U.S. dollar rises as surge in coronavirus cases boosts haven bid – ZAWYA

U.S. dollar rises as surge in coronavirus cases boosts haven bid – ZAWYA

U.S. dollar rises as surge in coronavirus cases boosts haven bid | ZAWYA MENA Edition HomeMarketsCurrenciesArticleU.S. dollar rises as surge in coronavirus cases boosts haven bid U.S. spending, income data mixed, shows economy weathering storm    A money changer counts U.S. dollar banknotes at a currency exchange office in Izmir, Turkey August 16, 2018. NEW YORK - The safe-haven dollar rose on Friday, as investors grew cautious about a resurgence in U.S. coronavirus cases that has cast doubts on expectations about a V-shaped recovery for the world's largest economy.Currencies that thrive with higher risk appetite such as the euro, sterling, as well as commodity-linked currencies like the Australian, New Zealand, and Canadian dollars struggled against the greenback.Cases rose across the United States by at least 39,818 on Thursday, the largest one-day increase of the pandemic, with Texas becoming the new hot spot for the novel coronavirus. More than 36,000 new U.S. cases were recorded on Wednesday, a few hundred shy of the record 36,426 on April 24. Currencies that thrive with higher risk appetite such as the euro, sterling, as well as commodity-linked currencies like the Australian, New Zealand, and Canadian dollars struggled against the greenback.NEW YORK - The safe-haven dollar