Dollar Jumps as China COVID-19 Worries Spur Safe-Haven Buying

[Epoch-Times-Bot]

Dollar Jumps as China COVID-19 Worries Spur Safe-Haven Buying

LONDON/SINGAPORE—The U.S. dollar rallied against major currencies on Monday, as rising COVID-19 cases in China led to new restrictions there and weighed on global investor sentiment.
China is battling numerous coronavirus flare ups. Two deaths were reported in Beijing on Sunday, and the city’s most populous district urged residents to stay at home on Monday.
The new cases have cast doubt on hopes that the government could soon ease its tough restrictions. That has boosted the dollar, which is seen as a safe haven in times of stress.
The dollar rose 0.98 percent against Japan’s yen to 141.75, its highest since Nov. 11. Meanwhile the euro dropped 0.83 percent against the greenback to $1.024....

Source: Dollar Jumps as China COVID-19 Worries Spur Safe-Haven Buying

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