A firm dollar kept riskier currencies under pressure on Monday, as a surge in coronavirus cases and the re-imposition of curbs to stop its spread had investors worried that a global economic recovery could be derailed even before it had taken root.
A U.S. Dollar banknote is seen in this illustration taken May 26, 2020. REUTERS/Dado Ruvic/Illustration
The Aussie was last steady at $0.6872 and the kiwi at $0.6420 - though both are set for monthly gains of roughly 3% as the rising risks to the global recovery have stalled rather than reversed their steep rally. New restrictions on movement have also been imposed in parts of Beijing and Lisbon and in two municipalities in western Germany. Argentina extended and tightened a lockdown around Buenos Aires following a sharp rise in cases.Elsewhere sterling nursed losses and sat at $1.2341, just a fraction above a one-month low it hit on Friday amid fresh doubts over whether Britain can settle a post-Brexit trade pact with the European Union.
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