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Dollar Down, Even as B.1.1.7 COVID-19 Strain Pushes Safe-Haven Asset Demand Up

2 monthes ago   |   By FXCM

By Gina Lee
Investing.com - The dollar was down on Wednesday morning in Asia, despite caution over the new B.1.1.7 strain of the COVID-19 virus pushing investors turn toward safe-haven assets.
The U.S. Dollar Index that tracks the greenback against a basket of other currencies was down 0.23% to 90.338 by 11:27 AM ET .
The discovery of the B.1.1.7 strain, first seen in the U.K., saw London and southeastern England put under Tier 4 lockdowns. The Philippines banned all U.K. flights from Dec. 24 earlier in the day, joining over 40 countries that have closed their borders to the U.K. and...
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Oil Down Over U.S. Supplies Build, B.1.1.7 Strain Fuel Demand Jitters

2 monthes ago   |   By FXCM

By Gina Lee
Investing.com - Oil was down on Wednesday morning in Asia, with a build in U.S. crude oil supplies and the travel curbs to curb a new mutant strain of the COVID-19 virus putting pressure on already weak fuel demand.
Brent oil futures were down 1.06% to $49.30 by 9:06 PM ET , slipping below the $50 mark. WTI futures fell 1.68% to $46.23.
Tuesday's data from the American Petroleum Institute showed a build of 2.7 million barrels in U.S. crude oil supply for the week ending Dec. 18. The build was bigger than the 3.25-million-barrel draw in forecasts prepared by Investing.com and...
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