THE US dollar witnessed a sell-off, down 1.7% to 96.677, marking a two-month low as risk-on sentiment permeates global markets after US-China tension dwindled as President Donald Trump’s measures were seen not as severe as feared.
The sell-off in the dollar later intensified as incoming economic data showed signs of a global economic recovery from the coronavirus pandemic. This helped offset concerns over the worst civil unrest in the United States in decades.
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