wakila | E + | | Getty Images
The dollar took a break on Friday, but remained on track for its biggest weekly gain in a month amid growing market caution in the face of a global surge in coronavirus cases and the fading prospect of a US stimulus plan ahead of the November 3 elections.
New measures to tackle COVID-19 have been introduced across Europe, while the US Midwest also faces record highs in new cases, with data showing the country’s economic recovery is faltering.
Investors will receive another indicator of the health of the US economy with retail sales data expected later Friday. The relief plans remain mired in a three-way negotiation between the White House, Senate Republicans and House Democrats.
Both the dollar and the Japanese yen are on track for weekly gains in investor appetite for safe-haven securities of 0.7% and 0.4% respectively.
On Friday, the greenback squeezed a tight range in morning trading in Europe, with the dollar index last falling 0.1%. The euro strengthened slightly, lasted 0.1%.
On a monthly basis, the dollar index is up 0.7%, its biggest increase since the end of September.
“The fight against corona is not a sprint but a marathon and this is becoming increasingly clear in the forex market as well,” said Esther Reichelt, FX analyst at Commerzbank, in a note.
“The winners will be all the economies and their respective currencies that are most successful in overcoming the economic challenges posed by the pandemic … Until then, the forex market will be dominated by considerations of risk.”
The British pound gained around a third of a percent as markets waited for UK Prime Minister Boris Johnson to outline his response to the European Union’s demand for more concessions in Brexit negotiations.
He previously set October 15 as the deadline for a deal to be reached. British Foreign Secretary Dominic Raab said on Friday that there was still a trade deal “to be concluded”.
What Are The Main Benefits Of Comparing Car Insurance Quotes Online
LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos
to request, modification Contact us at Here or [email protected]