⁍ Euro zone business growth ground to a halt in September.
⁍ In Britain, the economy also lost momentum, a business survey showed.
⁍ The dollar index was up 0.25% at 94.214 after earlier hitting 94.255, its highest level in two months.
– The dollar rose to its highest level in two months against a basket of six major currencies today as investors worried about global economic risks, Reuters reports. “The market continues to re-evaluate its previously very optimistic stance on the status of global risks out there,” says a senior FX strategist at Bofa Securities. “The newsflow has been negative on the virus and negative on growth. We’ve had some crummy data and also we’ve had the Fed speakers that have been on balance considerably less dovish than the market seemed to expect which puts positions at risk.” The euro fell to a two-month low of $1.16715, its lowest since July 27, while the pound dropped to a seven-week low of $1.2676.
Source: https://www.reuters.com/article/global-forex/forex-dollar-clings-to-8-week-highs-on-recovery-worries-amid-covid-resurgence-idUSL5N2GK3OF