Dollar falters as decent U.S. data curbs haven demand – ZAWYA

Dollar falters as decent U.S. data curbs haven demand – ZAWYA

Dollar falters as decent U.S. data curbs haven demand | ZAWYA MENA Edition HomeMarketsCurrenciesArticleDollar falters as decent U.S. data curbs haven demand U.S. economy is improving but coronavirus remains a risk    A U.S. five dollar note is seen in this illustration photo June 1, 2017. NEW YORK- The dollar slipped on Wednesday in choppy trading, with the market having a modest appetite for risk-taking amid generally upbeat U.S. data and improving European economic numbers.The greenback fell against currencies that perform well in times of times of risk appetite such as the Australian, New Zealand, and Canadian dollars, as well as sterling.However, moves in the currency market have little conviction, as doubts mounted about a much-anticipated global economic recovery given the resurgence of U.S. cases of COVID-19, the illness caused by the novel coronavirus, and the threat of renewed lockdowns in U.S. states deemed hot spots.The greenback fell against currencies that perform well in times of times of risk appetite such as the Australian, New Zealand, and Canadian dollars, as well as sterling.NEW YORK- The dollar slipped on Wednesday in choppy trading, with the market having a modest appetite for risk-taking amid generally upbeat U.S. data and improving European economic