Dollar firm as delta virus threat looms over ‘Freedom Day’

 Dollar firm as delta virus threat looms over ‘Freedom Day’

U.S. one-hundred dollar banknotes are arranged for a photograph in Hong Kong on April 15, 2019.

Paul Yeung | Bloomberg | Getty Images

The dollar sat near its highest levels in months on Monday as the spread of the delta coronavirus variant made investors nervous about the global recovery and sent money into safety.

The risk-sensitive Australian dollar fell to its weakest against the greenback since December early in the Asia session and hit a five-month low against the safe-haven yen.

The dollar also rose broadly against Asian currencies.

Daily infections have been surging from the United States and Europe to Asia and the global seven-day average of new cases each day is over half a million for the first time since May.

Traders are holding their breath as England lifts most social curbs.

The Aussie was last down 0.2% at $0.7381 and the New Zealand dollar also fell 0.2% to $0.6986. The yen, which rose broadly, was up 0.2% at 109.90 per…

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