TOKYO: The dollar and other safe-haven currencies were well bid on Friday after a surge in new coronavirus cases in the United States further undermined the case for a quick economic recovery.
The euro fell to US$1.1288, slipping back after having scaled a one-month high of US$1.1371 on Thursday. The Swiss franc also strengthened to its highest level in six weeks against the euro, to 1.0609 franc per euro .Against the dollar, the franc changed hands at 0.9407 per dollar after having touched a four-month high of 0.93625 to the dollar.
Some market players also said a US Supreme Court ruling that a New York prosecutor can obtain President Donald Trump's financial records could have undermined risk sentiment and boosted the dollar as he faces an uphill battle for re-election.Many risk-sensitive currencies took a step back following their rally in recent weeks.Commodity currencies lost traction as well as oil prices dipped on worries about the renewed lockdowns in some parts of the United States.
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