Early Friday trading is under the spell of risk avoidance, offering support to the safe haven Dollar. Investors have shown remarkable optimism lately, but the cold reality of more than 60,000 new cases of COVID-19 in the US yesterday has, for now, beaten the positivity out of the markets. These fears of a resurgence of the virus have been compounded by American employment data published yesterday, showing the number of claimants above 18 million and driving fears of a slow economic recovery. Amidst the surge of apprehension, the Dollar once again emerges as the go-to currency when risk is off the table.
