{"id":105254,"date":"2020-09-24T21:16:28","date_gmt":"2020-09-24T20:16:28","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=105254"},"modified":"2020-09-24T21:16:28","modified_gmt":"2020-09-24T20:16:28","slug":"104444-virus-economy-worries-hit-risk-assets-boost-dollar","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104444-virus-economy-worries-hit-risk-assets-boost-dollar\/","title":{"rendered":"Virus, economy worries hit risk assets, boost Dollar"},"content":{"rendered":"<ul>\n<li><strong>Dollar rises versus peers<\/strong><\/li>\n<li><strong>Riskier assets under pressure amid covid concerns<\/strong><strong>\u00a0<\/strong><\/li>\n<li><strong>Signs of stalling economic recovery hits the mood in the market<\/strong><\/li>\n<li><strong>Euro attention turns to Ifo survey as economic picture deteriorates<\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The dollar advanced versus its peers on Thursday amid growing concerns over resurging covid and slowing economic recovery in Europe and US..<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The euro,\u00a0 sold off over concerns of tighter lockdown restrictions and looked towards German IFO business sentiment data<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The US Dollar could add to gains amid a resurgence in covid cases and as the Federal Reserve warns that the U.S. economy needs additional government support, boosting safe haven demand.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">EUR\/USD traded at $1.1658 in the Asian session, just off the 2 month low<\/span><\/p>\n<p><span style=\"font-weight: 400;\">GBP\/USD trade at $1.2714, almost a two month low.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">USD\/CHF traded at 0.9240\u00a0 an almost nine-week high.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">USD\/JP traded at 105.40 yen, maintaining gains of 0.4% from Wednesday.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Rising covid numbers in mainland Europe and Britain dragged on investor optimism overshadowing vaccine developments.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Economists are expecting the\u00a0 Ifo survey due on Thursday reveal a slight uptick in business morale in the Eurozone\u2019s largest economy<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Demand for the Euro is already weak following the surveys released on Wednesday which revealed that tighter restrictions to stem the spread of coronavirus sent the bloc\u2019s service sector back into contraction.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Following that data, riskier assets have fallen out of favour. The mood was dampened further on Wednesday after U.S. business activity data showed a slow down. Several Fed policymakers also warned that additional fiscal support was required to lift the flagging economy<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The dollar index (DXY) which measures the US Dollar versus a basket of major currencies, trades at 94.336 on Thursday, an almost nine-week high.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Trading is expected to be muted in the Asian session given the absence of any major macro data releases.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Australian and New Zealand dollars are in focus and pressurise amid growing expectations for additional monetary easing.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A selloff in commodity prices could add pressure to Antipodean currencies, .<\/span><\/p>\n<p><span style=\"font-weight: 400;\">AUD\/USD traded at $0.7069, near its weakest since July 21.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">NZD\/USD traded $0.6549 after tanking 1.3% in the previous session.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dollar rises versus peers Riskier assets under pressure amid covid concerns\u00a0 Signs of stalling economic recovery hits the mood in the market Euro attention turns to Ifo survey as economic picture deteriorates The dollar advanced versus its peers on Thursday amid growing concerns over resurging covid and slowing economic recovery in Europe and US.. The [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5579,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1381],"tags":[2412,1888,1398],"class_list":["post-105254","post","type-post","status-publish","format-standard","has-post-thumbnail","category-usd","tag-eur-usd","tag-gbp-usd","tag-usd"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Virus, economy worries hit risk assets, boost Dollar - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/104444-virus-economy-worries-hit-risk-assets-boost-dollar\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104444-virus-economy-worries-hit-risk-assets-boost-dollar\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104444-virus-economy-worries-hit-risk-assets-boost-dollar\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"Virus, economy worries hit risk assets, boost Dollar\",\"datePublished\":\"2020-09-24T20:16:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104444-virus-economy-worries-hit-risk-assets-boost-dollar\\\/\"},\"wordCount\":354,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104444-virus-economy-worries-hit-risk-assets-boost-dollar\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100629-gbp-usd-fed-and-boe-accouncements.jpg\",\"keywords\":[\"eur\\\/usd\",\"gbp\\\/usd\",\"usd\"],\"articleSection\":[\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104444-virus-economy-worries-hit-risk-assets-boost-dollar\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104444-virus-economy-worries-hit-risk-assets-boost-dollar\\\/\",\"name\":\"Virus, economy worries hit risk assets, boost Dollar - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104444-virus-economy-worries-hit-risk-assets-boost-dollar\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104444-virus-economy-worries-hit-risk-assets-boost-dollar\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100629-gbp-usd-fed-and-boe-accouncements.jpg\",\"datePublished\":\"2020-09-24T20:16:28+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104444-virus-economy-worries-hit-risk-assets-boost-dollar\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/104444-virus-economy-worries-hit-risk-assets-boost-dollar\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104444-virus-economy-worries-hit-risk-assets-boost-dollar\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100629-gbp-usd-fed-and-boe-accouncements.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100629-gbp-usd-fed-and-boe-accouncements.jpg\",\"width\":1200,\"height\":675},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104444-virus-economy-worries-hit-risk-assets-boost-dollar\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Virus, economy worries hit risk assets, boost Dollar\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\",\"name\":\"Currency Live\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/currencylive.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\",\"name\":\"Fiona Cincotta\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"caption\":\"Fiona Cincotta\"},\"description\":\"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.\",\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/in\\\/fiona-cincotta-bb4a4845\\\/\"],\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/fiona-cincotta\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Virus, economy worries hit risk assets, boost Dollar - Currency Live","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/currencylive.com\/news\/104444-virus-economy-worries-hit-risk-assets-boost-dollar\/","twitter_misc":{"Written by":"Fiona Cincotta","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/104444-virus-economy-worries-hit-risk-assets-boost-dollar\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/104444-virus-economy-worries-hit-risk-assets-boost-dollar\/"},"author":{"name":"Fiona Cincotta","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"headline":"Virus, economy worries hit risk assets, boost Dollar","datePublished":"2020-09-24T20:16:28+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/104444-virus-economy-worries-hit-risk-assets-boost-dollar\/"},"wordCount":354,"image":{"@id":"https:\/\/currencylive.com\/news\/104444-virus-economy-worries-hit-risk-assets-boost-dollar\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100629-gbp-usd-fed-and-boe-accouncements.jpg","keywords":["eur\/usd","gbp\/usd","usd"],"articleSection":["USD"],"inLanguage":"en-US","copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/104444-virus-economy-worries-hit-risk-assets-boost-dollar\/","url":"https:\/\/currencylive.com\/news\/104444-virus-economy-worries-hit-risk-assets-boost-dollar\/","name":"Virus, economy worries hit risk assets, boost Dollar - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/104444-virus-economy-worries-hit-risk-assets-boost-dollar\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/104444-virus-economy-worries-hit-risk-assets-boost-dollar\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100629-gbp-usd-fed-and-boe-accouncements.jpg","datePublished":"2020-09-24T20:16:28+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/104444-virus-economy-worries-hit-risk-assets-boost-dollar\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/104444-virus-economy-worries-hit-risk-assets-boost-dollar\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/104444-virus-economy-worries-hit-risk-assets-boost-dollar\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100629-gbp-usd-fed-and-boe-accouncements.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100629-gbp-usd-fed-and-boe-accouncements.jpg","width":1200,"height":675},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/104444-virus-economy-worries-hit-risk-assets-boost-dollar\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"Virus, economy worries hit risk assets, boost Dollar"}]},{"@type":"WebSite","@id":"https:\/\/currencylive.com\/news\/#website","url":"https:\/\/currencylive.com\/news\/","name":"Currency Live","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/currencylive.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec","name":"Fiona Cincotta","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","caption":"Fiona Cincotta"},"description":"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.","sameAs":["https:\/\/www.linkedin.com\/in\/fiona-cincotta-bb4a4845\/"],"url":"https:\/\/currencylive.com\/news\/author\/fiona-cincotta\/"}]}},"jetpack_featured_media_url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100629-gbp-usd-fed-and-boe-accouncements.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/105254","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/users\/163946597"}],"replies":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/comments?post=105254"}],"version-history":[{"count":1,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/105254\/revisions"}],"predecessor-version":[{"id":105255,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/105254\/revisions\/105255"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/5579"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=105254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=105254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=105254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}