Treasury Pulse - Forex: Investors' mood turned sour during the week

Treasury Pulse 100721

Global Forex Market

INVESTORS’ mood turned sour during the week, triggering a flight to safety due to growing concerns over the global spread of the Delta variant of Covid-19 that may pose further downside risk to global growth. The demand for safe-haven assets was solid, lifting the dollar briefly to a three-month high while high-beta currencies underperformed. By the end of the week, the dollar gained 0.21% to 92.42 amid a short-working week in the United States due to Independence Day holiday.