Dollar rises as Delta concerns ease

25.08.2021 - Evdokimov Roman
Dollar rises as Delta concerns ease

The dollar climbed on Wednesday morning in Asia but hovered near a one-week low. Investors withdrew from the greenback as COVID-19 fears that muddled prospects in economic rebound faded.

The U.S. Dollar Index that measures the dollar against other major currencies nudged 0.16% higher to 93.045 by 11:12 PM ET (3:12 AM GMT). 

The USD/JPY pair jumped 0.17% to 109.81.

The AUD/USD pair shed 0.20% to 0.7243, and the NZD/USD pair dropped 0.12% to 0.6940.

The USD/CNY pair gained 0.12% to 6.4787, while the GBP/USD pair slid 0.07% to 1.3717.

The U.S. currency has been performing strongly in recent weeks, marking a nine-and-a-half month high of 93.734 during the previous trading. Investors’ concern on the more infectious COVID-19 Delta variant and the U.S. Federal Reserve’s hints on earlier asset tapering this year drove these gains.

However, some investors believe it is less likely that the Fed will announce the timeline on asset tapering and interest rate hikes during the Jackson Hole symposium on Aug. 26 to 28.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue

Help with deposit?