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Dollar Down Even Amid Rising COVID-19 Cases

10 monthes ago   |   By FXCM

By Gina Lee
Investing.com - The dollar was down on Monday morning in Asia, reversing its earlier gains. Investors cautiously retreated from the safe-haven asset amid optimism over U.S. services sector activity data due to be released later in the day.
Forecasts prepared by Investing.com predict a reading of 50 for the Institute for Supply Management non-manufacturing purchasing manager's index .
Meanwhile, the number of COVID-19 cases globally is close to 11.5 million as of July 6, according to Johns Hopkins University data.
The U.S. Dollar Index Futures that tracks the greenback against a...
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Asian Stocks Soar Amid Rising Number of COVID-19 Cases

10 monthes ago   |   By FXCM

By Gina Lee
Investing.com - Asian stocks were up on Monday morning, soaring to highs not seen in almost four months even amid increasing COVID-19 figures.
Investors are relying on cheap liquidity and hopes of more stimulus measures from governments to kickstart their economies. But the number of COVID-19 cases shows no signs of slowing down, with over 11.4 million global cases as of July 6 according to Johns Hopkins University data.
The World Health Organization reported the highest number of cases over a 24-hour period over the weekend, with many U.S. states reporting a spike in cases...
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