September 27, 2021

Dollar Up, but Near One-Week Low Over Receding COVID-19 Fears By

© Reuters.

By Gina Lee – The dollar was up on Wednesday morning in Asia, trading near a one-week low. Investors are turning away from the safe-haven asset as COVID-19 concerns that clouded the economic recovery outlook eased.

The tracking the greenback against a basket of other currencies edged up 0.16% to 93.045 by 11:12 PM ET (3:12 AM GMT). It fell to 92.804 on Tuesday, the first time it has done so since Aug. 17.

The pair edged up 0.17% to 109.81.

The pair edged down 0.20% to 0.7243 and the pair edged down 0.12% to 0.6940.

The pair edged up 0.12% to 6.4787 while the pair inched down 0.07% to 1.3717.

The U.S. FDA’s full approval of the Pfizer Inc. (NYSE:)/BioNTech SE (F:) COVID-19 vaccine earlier in the week has raised hopes that inoculations rates will rise and has increased the global risk appetite. , director of the National Institute of Allergy…

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