Home Economy Dollar near 9-month highs on COVID-19 worries; Aussie, kiwi wilt

Dollar near 9-month highs on COVID-19 worries; Aussie, kiwi wilt

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Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking/File Photo

TOKYO, Aug 23 (Reuters) – The safe-haven dollar traded near its highest in more than nine months against major peers on Monday, while commodity currencies like the Aussie languished amid worries that the Delta coronavirus variant could derail the global economic recovery.

The dollar index , which measures the currency against six peers, was little changed at 93.468 from Friday, when it climbed as high as 93.734 for the first time since Nov. 4.

A surge in COVID-19 cases prompted the Federal Reserve to move its annual Jackson Hole, Wyoming symposium to an online format to be held this Friday, raising questions about the central bank’s broader assessment of the Delta variant’s economic impact as it inches toward tapering stimulus. read more

Fed Chair Jerome Powell, who has thus far mostly played down…

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