Dollar Up, Remains Near Almost-Ten Month Highs Due to Risk Aversion By Investing.com

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© Reuters. By Gina Lee Investing.com – The dollar was up on Friday morning in Asia, , as persistent COVID-19 concerns continued to give the safe-haven asset a boost. The that tracks the greenback against a basket of other currencies inched up 0.01% to 93.602 by 10:33 PM ET (10:33 AM GMT). The pair inched up 0.01% to 109.73. The pair edged down 0.17% to 0.7134 and the pair was down 0.29% to 0.6882. The pair edged up 0.14% to 6.5032. The People’s Bank of China released its latest earlier in the day, with the one-year LPR remaining unchanged at 3.85% and the five-year LPR at 4.65%. The pair inched down 0.10% to 1.3624. The , which hinted that asset tapering could start as soon as 2021, also continued to give the U.S. currency a boost. Investors will now look ahead to the Fed’s Jackson Hole symposium, taking place from Aug. 26 to 28, for more clues to an asset tapering and interest rate hike timetable. However, COVID-19 and its Delta strain continue their relen
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