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US Dollar grinds higher as U.S.-China tensions and virus unnerve investors
The U.S. dollar edged up on Tuesday as diplomatic tensions between the United States and China and rising coronavirus cases knocked investor confidence, although moves in currency markets were small in a quiet session. While stock markets fell as investors turned cautious, the safe-haven yen was little changed and the Swiss franc - another currency traders buy in times of uncertainty - rose only slightly versus the euro, suggesting limited concern among FX investors. A resurgence of novel coronavirus infections has caused some areas to place new restrictions on business activity, injecting some caution into the ... (full story)