Dollar hits one-month low; riskier currencies gain on vaccine hopes – ZAWYA

Dollar hits one-month low; riskier currencies gain on vaccine hopes – ZAWYA

Dollar hits one-month low; riskier currencies gain on vaccine hopes | ZAWYA MENA Edition HomeMarketsCurrenciesArticleDollar hits one-month low; riskier currencies gain on vaccine hopes Euro reaches four-month high vs dollar    An employee counts U.S. dollar bills at a money exchange office in central Cairo, Egypt, March 20, 2019. Image for illustrative purposes.Risk sentiment revived in currency markets on Wednesday, as progress towards a COVID-19 vaccine helped equities rebound and commodity currencies strengthen, while the dollar fell to a one-month low.The U.S. company Moderna MRNA.O has produced an experimental COVID-19 vaccine that provoked immune responses in all 45 volunteers, sparking a risk-on mood. But there was still some cause for caution, with worsening U.S.-China tensions and fears about the economic impact of a second wave of coronavirus in the United States. The U.S. company Moderna MRNA.O has produced an experimental COVID-19 vaccine that provoked immune responses in all 45 volunteers, sparking a risk-on mood. Risk sentiment revived in currency markets on Wednesday, as progress towards a COVID-19 vaccine helped equities rebound and commodity currencies strengthen, while the dollar fell to a one-month low.But there was still some cause for caution, with worsening U.S.-China tensions and fears about the economic impact of a second