Safe-Havens – The dollar, yen and Swiss franc rose on Monday as investors grew nervous about the raging delta variant of the coronavirus that could threaten the outlook for a global economic recovery.
IG noted that “The wall of worry is being built. Lower equities, lower yields, strength in the Japanese yen and the US dollar all amount to a significant risk-off impulse in markets.”
CAD – The Canadian dollar weakened to a five-month low against it US counterpart on Monday as a worldwide surge in coronavirus cases weighed on investor sentiment, with the currency shifting into negative territory for the year.
AUD – The Australian dollar on Monday hit its lowest level against the greenback for 2021 as COVID-19 lockdowns that have restricted the mobility of almost half of the country’s population were extended to stop the spread of the delta variant.
IG noted that “The wall of worry is being built. Lower equities, lower yields, strength in the Japanese yen and the US dollar all amount to a significant risk-off impulse in markets.”
CAD – The Canadian dollar weakened to a five-month low against it US counterpart on Monday as a worldwide surge in coronavirus cases weighed on investor sentiment, with the currency shifting into negative territory for the year.
AUD – The Australian dollar on Monday hit its lowest level against the greenback for 2021 as COVID-19 lockdowns that have restricted the mobility of almost half of the country’s population were extended to stop the spread of the delta variant.