Investing.com investing.com 21 Dec, 2020 07:30 am

Dollar climbs, sterling sinks as coronavirus lockdowns stoke haven demand By Reuters

Dollar climbs, sterling sinks as coronavirus lockdowns stoke haven demand By Reuters
Dollar climbs, sterling sinks as coronavirus lockdowns stoke haven demand

A man displays US dollar notes after withdrawing cash from a bank in Harare TOKYO (Reuters) - The dollar climbed against major peers on Monday with investors seeking its relative safety as many countries tightened COVID-19 lockdowns." The dollar's rebound comes after it sank to 2 1/2-year lows against major peers last week, driven by optimism that a widening vaccine rollout would revive global growth.Sterling GBP=D3 was the biggest loser in early Asian trading after Britain imposed tough new restrictions to stem a fast-spreading new coronavirus strain.Several European countries began closing their doors to travellers from the UK on Sunday amid alarm about a rapidly spreading strain of coronavirus.

congressional leaders for a $900 billion coronavirus aid package."Overall I would say that risk positivity driven by vaccines and stimulus, plus the fact that fiscal stimulus needs to be funded by a lot of borrowing in the U.

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