Dollar Down, but Set for Weekly Gain, as COVID-19 Worries Bite

By Administrator_India Capital Sands The dollar was down on Friday morning in Asia. However, the greenback is set for its best weekly gain in about a month as ongoing investor worries about a quicker-than-expected U.S. interest rate hike and by rising COVID-19 infections capped losses. The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched down 0.06% to 92.575 by 11:45 PM ET (3:46 AM GMT). The USD/JPY pair inched up 0.09% to 109.95.…

"Dollar Down, but Set for Weekly Gain, as COVID-19 Worries Bite"