The US dollar once again found supportive factors to strengthen again from its 2-and-a-half-year low after the stock market began to show a decline.
Analysts see the increasing factors of Covid-19 infection cases and election uncertainty in Georgia are once again enveloping investor concerns.
Rising sentiment sent safe-haven assets back in demand in the market. The US dollar, the Yen and the Swiss franc showed strengthening at the New York session.
The yen initially managed to show an increase against the US dollar to its highest level since March. The Japanese Prime Minister yesterday stated that the government was considering emergency measures for Tokyo to curb the pandemic.
Meanwhile, Pound Sterling, which managed to record a recent high of more than 2 years, began to show a decline after UK Prime Minister Boris Johnson ordered nationwide restrictions in an effort to curb the rapid spread of the new variant Coronavirus.
Pound trading against the US dollar saw the price reach a high of around $ 1.37000 experiencing a reversal below the $ 1.36000 level.
The Euro weakened slightly against the US dollar after the resistance level of $ 1.2300 failed to break even after the re-strengthening US dollar pressed lower again.
