{"id":120148,"date":"2021-08-20T02:51:36","date_gmt":"2021-08-20T02:51:36","guid":{"rendered":"https:\/\/fin2me.com\/?p=120148"},"modified":"2021-08-20T02:51:36","modified_gmt":"2021-08-20T02:51:36","slug":"dollar-holds-firm-as-risk-aversion-hammers-canadian-dollar-aussie","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/dollar-holds-firm-as-risk-aversion-hammers-canadian-dollar-aussie\/","title":{"rendered":"Dollar holds firm as risk aversion hammers Canadian dollar, Aussie"},"content":{"rendered":"

TOKYO (Reuters) – The safe-haven U.S. dollar hovered near a 9-1\/2-month high against major peers on Friday, buoyed by fears that the Delta coronavirus variant could delay the global economic recovery.<\/p>

A woman counts U.S. dollar banknotes as Lebanese pounds are pictured in the background at a currency exchange shop in Beirut, Lebanon April 3, 2020. REUTERS\/Mohamed Azakir<\/figcaption>

The greenback has also been boosted by expectations the Federal Reserve could still start to taper stimulus this year, even with COVID-19 infections surging this month in the United States.<\/p>\n

The dollar index, which measures the currency against six rivals, was little changed at 93.544 from Thursday, when it touched 93.587 for the first time since early November. For the week, it\u2019s on track to gain 1.1%, the most in two months.<\/p>\n

The Canadian dollar dropped to a fresh six-month low of C$1.2832 amid a plunge in oil prices on those economic growth worries, while the Aussie and New Zealand dollars languished near nine-month lows.<\/p>\n

\u201cRisk aversion in the air has buoyed the greenback, with pro-growth currencies bearing the brunt of it,\u201d Rodrigo Catril, a strategist at National Australia Bank, wrote in a client note.<\/p>\n

The yen, another safe-haven currency, slipped 0.1% to 109.87 per dollar on Friday, but remains in the centre of its trading range of the past six weeks.<\/p>\n

The euro ticked up 0.05% to $1.6825, but still traded near the 9 1\/2-month low of $1.16655 reached overnight. It is down 0.94% this week, the most since mid-June.<\/p>\n

Minutes of the Fed\u2019s July meeting, released on Wednesday, showed officials largely expect to reduce their monthly bond buying later this year, although divisions remain on the timing and pace of a taper, and whether inflation, joblessness or the coronavirus pandemic pose a bigger risk to economic recovery.<\/p>\n

A decline in debt purchases by the Fed is widely considered positive for the dollar as it is expected to raise U.S. government bond yields, making it more attractive for investors to hold dollar-denominated assets.<\/p>\n

The Aussie rose 0.1% to $0.7155 on Friday, but was still close to the 9 1\/2-month low of $0.7143 reached on Thursday. It has fallen 3% this week, on track for its worst performance since September of last year, with most of the country under lockdown to battle a COVID-19 outbreak.<\/p>\n

New Zealand\u2019s kiwi ticked up 0.1% to $0.6832, but remained near Thursday\u2019s nine-month trough of $0.6810. It has sunk 2.9% for the week, also the worst since September, after its central bank delayed a rate hike, shifting gears as the country went into a snap COVID-19 lockdown.<\/p>\n

Sterling touched a fresh one-month low of $1.3628 on Friday, before trading 0.07% higher at $1.3638. It has fallen 1.64% this week, which would be the biggest drop for two months.<\/p>\n

========================================================<\/h2>\n

Currency bid prices at 0101 GMT<\/p>\n

Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid<\/p>\n

Previous Change<\/p>\n

Session<\/p>\n

Euro\/Dollar<\/p>\n

$1.1681 $1.1677 +0.05% -4.39% +1.1684 +1.1675<\/h2>\n

Dollar\/Yen<\/p>\n

109.8300 109.7900 +0.05% +6.34% +109.8800 +109.8400<\/h2>\n

Euro\/Yen<\/p>\n

128.30 128.12 +0.14% +1.09% +128.3700 +128.1600<\/h2>\n

Dollar\/Swiss<\/p>\n

0.9179 0.9188 -0.09% +3.76% +0.9189 +0.9180<\/h2>\n

Sterling\/Dollar<\/p>\n

1.3638 1.3631 +0.06% -0.17% +1.3640 +1.3628<\/h2>\n

Dollar\/Canadian<\/p>\n

1.2816 1.2831 -0.12% +0.64% +1.2832 +1.2816<\/h2>\n

Aussie\/Dollar<\/p>\n

0.7154 0.7147 +0.10% -7.00% +0.7156 +0.7145<\/h2>\n

NZ<\/h2>\n

Dollar\/Dollar 0.6831 0.6827 +0.11% -4.83% +0.6836 +0.6815<\/p>\n

All spots<\/p>\n

Tokyo spots<\/p>\n

Europe spots<\/p>\n

Volatilities<\/p>\n

Tokyo Forex market info from BOJ<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

TOKYO (Reuters) – The safe-haven U.S. dollar hovered near a 9-1\/2-month high against major peers on Friday, buoyed by fears that the Delta coronavirus variant […]<\/p>\n","protected":false},"author":3,"featured_media":120147,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nDollar holds firm as risk aversion hammers Canadian dollar, Aussie - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/dollar-holds-firm-as-risk-aversion-hammers-canadian-dollar-aussie\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dollar holds firm as risk aversion hammers Canadian dollar, Aussie - Fin2me\" \/>\n<meta property=\"og:description\" content=\"TOKYO (Reuters) – The safe-haven U.S. dollar hovered near a 9-1\/2-month high against major peers on Friday, buoyed by fears that the Delta coronavirus variant [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/markets\/dollar-holds-firm-as-risk-aversion-hammers-canadian-dollar-aussie\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-20T02:51:36+00:00\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2021\/08\/Dollar-holds-firm-as-risk-aversion-hammers-Canadian-dollar-Aussie.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/markets\/dollar-holds-firm-as-risk-aversion-hammers-canadian-dollar-aussie\/\",\"url\":\"https:\/\/fin2me.com\/markets\/dollar-holds-firm-as-risk-aversion-hammers-canadian-dollar-aussie\/\",\"name\":\"Dollar holds firm as risk aversion hammers Canadian dollar, Aussie - 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