The dollar pushed higher in early European trading Friday, with attention turning to next week’s Federal Reserve meeting after the European Central Bank’s dovish performance on Thursday.

Safe-harbour currencies like the yen and dollar traded near multi-month highs against the riskier Australian dollar and British pound on Tuesday, as fears grow that a rampant coronavirus variant could upend the global economic recovery.

Safe-harbour currencies like the yen and dollar traded near multi-month highs against the riskier Australian dollar and British pound on Tuesday, as fears grow that a rampant coronavirus variant could upend the global economic recovery.

The dollar edged higher in early European trading Monday, maintaining its recent strong tone as rising Covid-19 cases threaten to derail the global economic recovery, prompting a flight to safety.

The dollar was headed for its best weekly gain in about a month on Friday, supported by investors’ drift toward safety as rising COVID-19 infections loomed over the pandemic recovery, while a hot inflation reading sharply lifted the New Zealand dollar.

The dollar traded largely unchanged in Europe early Thursday, stabilizing after Wednesday’s weakness following Fed chair Jerome Powell insistence that it was too soon to withdraw the central bank’s hefty monetary support for the economy.

The U.S. dollar held near a three-month high against its rivals on Wednesday as traders took a breather before Fed chair Jerome Powell’s comments a day after data showed U.S. inflation soaring to a 13-year high in June.

The dollar was down on Tuesday morning in Asia as investors await U.S. inflation data for clues about the likely timeline for asset tapering and interest rate hikes.

The dollar pushed higher in early European trade Friday with the safe haven benefiting from investors becoming more risk averse on concerns of the global economic recovery as Covid-19 cases surge again.

The dollar pushed higher in early European trade Friday with the safe haven benefiting from investors becoming more risk averse on concerns of the global economic recovery as Covid-19 cases surge again.