A Drop in the US Dollar and a Rise in European Stocks

A Drop in the US Dollar and a Rise in European Stocks The dollar fell in early trading in London, while riskier currencies and European stocks rose at the open. Some analysts attributed the improvement in sentiment to the United States ’approval of a treatment for Covid-19 patients. The Corona virus has killed more than 800,000 people around the world, while the deaths in the United States have exceeded 170,000. On Sunday, the country allowed blood plasma from recovered patients to be used as a treatment. The dollar index was little changed overnight but it was down about 0.1% to 93.105 when the markets were opened in Europe. The Australian dollar rose 0.3 percent against its US counterpart which reached 0.71785, meaning that it was unaffected by the Treasury's announcement that the actual unemployment rate would rise to more than 13 percent in the country. The New Zealand dollar did not rise like other risk currencies, and fell 0.1 percent against the US dollar, to 0.6532.   You might also be interested in:

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