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USD Enroute for Weekly Gain as Pandemic Recovery Becomes Sluggish

Britain city Paris fears positive
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The dollar moved towards its most successful week of the month on Friday. This happened due to rising coronavirus cases and halted progress toward U.S.

stimulus resulted in frightened investors looking for safe assets.As new restrictions to control COVID-19 were rolled out in Europe and Britain, the world’s reserve currency moved up to a two-week high of 93.910 competing against a basket of currencies =USD.

It maintained its position just below that peak in Asian morning trade.London has introduced a rigid COVID-19 lockdown from midnight; along with this a curfew in Paris has resulted in two of the largest cities in Europe living under state-implemented restrictions.The U.S.

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