Dollar<\/a> <\/span>elevated on Monday morning in Asia amid distresses caused by fresh COVID-19 cases in some Asian Countries. Notwithstanding, investors are densely positioning for a drop in the U.S. currency as the U.S. Federal Reserve holds to its current dovish policy.<\/p>\nThe U.S. dollar index traces the greenback against a basket of other currencies slightly up 0.06% to 90.373.
\nThe USD\/JPY pair slightly up 0.01% to 109.336.
\nThe AUD\/USD pair was declined 0.24% to 0.7753, with the reserve bank of Australia due to release the minutes from its latest meeting on Tuesday.<\/p>\n
The NZD\/USD pair declined 0.52% to 0.7216.<\/p>\n
The USD\/CNY pair Slightly up 0.03% to 6.4384.
\nChinese industrial production growth decreased to 9.8% yearly in April, as per the data released earlier in the day.<\/p>\n
The GBP\/USD pair slightly down 0.04% to 1.4090.
\nHowever, the pound was almost a two-and-a-half-month high as the U.K. reopens its economy after a four-month lockdown.<\/p>\n
The U.S. currency was supported by facilitating commodity prices and the COVID-19 outbreaks in Singapore and Taiwan with both countries hardening restrictive measures.
\nSingaporean primary, secondary, junior college, and Millennia Institute students shifted to full home-based learning from May 19 till the end of the school term on May 28.<\/p>\n
However, a rebound from surprisingly good U.S. inflation data released during the earlier week dissolved over uprising investor hopes that the Fed will keep investment rates low.<\/p>\n","protected":false},"excerpt":{"rendered":"
Dollar Higher Over Asian Covid-19 Upsurge Concerns The Dollar elevated on Monday morning in Asia amid distresses caused by fresh COVID-19 cases in some Asian Countries. Notwithstanding, investors are densely positioning for a drop in the U.S. currency as the U.S. Federal Reserve holds to its current dovish policy. The U.S. dollar index traces<\/p>\n... continue reading<\/a>.","protected":false},"author":3,"featured_media":2311,"comment_status":"closed","ping_status":"open","sticky":false,"template":"template_with_sidebar.php","format":"standard","meta":[],"categories":[12],"tags":[38,24,37,55,52,66],"yoast_head":"\r\nDollar Higher Over Asian Covid-19 Upsurge Concerns<\/title>\r\n<meta name=\"description\" content=\"The Dollar elevated on Monday morning in Asia amid distresses caused by fresh COVID-19 cases in some Asian Countries.\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.xtrememarkets.com\/US\/dollar-higher-over-asian-covid-19-upsurge-concerns\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Dollar Higher Over Asian Covid-19 Upsurge Concerns\" \/>\r\n<meta property=\"og:description\" content=\"The Dollar elevated on Monday morning in Asia amid distresses caused by fresh 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