Home Economy Dollar stands tall as COVID rattles kiwi

Dollar stands tall as COVID rattles kiwi


SINGAPORE (Reuters) – The dollar hit a nine-month high against the euro on Wednesday and held near recent peaks on other majors as investors cut exposure to riskier currencies, mostly on COVID-19 concerns, while the kiwi dollar was on edge ahead of a central bank meeting.

FILE PHOTO: 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

The euro touched $1.1702 early in the Asia session, its lowest since November 2020. The kiwi nursed losses at $0.6922, after the discovery of New Zealand’s first local COVID-19 infection in six months sent the currency tumbling on Tuesday and cast doubt on rate hike expectations.

The Australian dollar was also licking wounds by a nine-month low after it was dragged lower with the kiwi. [AUD/]

New Zealand reported four additional COVID-19 cases on Wednesday, all the highly-contagious Delta variant and the country has…

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