U.S. dollar slides as vaccine news offsets surge in virus cases – ZAWYA

U.S. dollar slides as vaccine news offsets surge in virus cases – ZAWYA

U.S. dollar slides as vaccine news offsets surge in virus cases | ZAWYA MENA Edition HomeMarketsCurrenciesArticleU.S. dollar slides as vaccine news offsets surge in virus cases U.S. producer prices fall in June, dollar weaker    A test tube labelled with the coronavirus is seen in front of U.S. dollar banknotes, in this illustration taken on March 1, 2020. NEW YORK - The dollar slipped on Friday, as its safe-haven allure diminished, on hopes of a potential vaccine for the novel coronavirus that outweighed concerns about the surge in infections in the United States and around the world.The U.S. currency posted its largest weekly percentage loss against a basket of major currencies in a month.On Friday, Gilead Sciences Inc said additional data from a late-stage study showed its antiviral remdesivir reduced the risk of death and significantly improved the conditions of severely ill COVID-19 patients.The U.S. currency posted its largest weekly percentage loss against a basket of major currencies in a month.NEW YORK - The dollar slipped on Friday, as its safe-haven allure diminished, on hopes of a potential vaccine for the novel coronavirus that outweighed concerns about the surge in infections in the United States and around the world.On Friday,