Dollar Up, But Gains Capped by Strong Earnings, Increasing Risk Appetite By Investing.com – Investing.com

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Dollar Up, But Gains Capped by Strong Earnings, Increasing Risk Appetite By Investing.com – Investing.com

© Reuters. By Gina Lee Investing.com – The dollar was up on Thursday morning in Asia but climbed down from multi-month highs, as strong earnings boosted global stocks and increased investor risk appetite. The that tracks the greenback against a basket of other currencies inched up 0.03% to 92.787 by 11:41 PM ET (3:41 AM GMT). The pair edged down 0.12% to 110.13, with Japanese markets closed for a holiday. The pair inched down 0.06% to 0.7353, with the Australian dollar slightly up from an eight-month low hit on Wednesday. The state of Queensland closed its border with New South Wales to curb the spread of Sydney’s COVID-19 outbreak, while the , released earlier in the day, was also a lower-than-expected 17. The pair was down 0.26% to 0.6951 and the pair inched up 0.01% to 6.4672. The pair inched down 0.02% to 1.3707. The pound recovered from a five-and-a-half month low of $1.35725 hit on Tuesday, even as the number of COVID-19 cases involving the Delta variant continues to rise in the U.K. and confusion remains over the lifting of restrictive measures in England. "Strong earnings have swept away Delta concerns in the U.S.," weighing on haven currencies, National…