⁍ Asian stocks came under pressure on Friday as investors sought safe havens.

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⁍ Fears that a resurgence in coronavirus cases and a lack of additional U.S. fiscal stimulus would hobble the world economy.

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– The dollar hit a two-week high against a host of major currencies on Thursday, as investors sought a safe place to park their money in the run-up to the US election. The dollar index, which measures the value of the greenback against a number of major currencies, rose 0.398% to 93.91, its highest level in two weeks, reports Reuters. The euro was down 0.01% to $1.1705, while the British pound was down 0.09% to $1.2902. “The market’s on again off again love affair with an impending stimulus torrent masks the fact that investor uncertainty is bristling ahead of an expected choppy period in terms of headline risk, including Brexit, the US election, and perhaps the most horrifying troubles of all, the second wave of the coronavirus that could trigger more intense lockdown worries,” said Stephen Innes, global chief market strategist at AxiCorp. In other markets: Asian stocks came under pressure on Friday as investors sought safe havens, such as the US dollar, fearing that a resurgence in coronavirus cases and a lack of additional US fiscal stimulus would hobble the world economy, reports the Wall Street Journal. US President Trump’s offer on Thursday to raise the size of a fiscal stimulus package to win the support of Republicans and Democrats helped narrow Wall Street losses, though many investors still believe a deal is unlikely before the Nov. 3 election. “There’s a bit of worry there and also at what we’re seeing in America and in Europe regarding the virus and how it seems to be taking hold pretty significantly again,” said an investment adviser in New Zealand.