Dollar falling, New Zealand Lag Behind high-Risk Gains

The dollar fell in early trade in London, while riskier currencies and European stocks rose at the open, and some analysts attributed the improvement in sentiment to the United States ’approval of a treatment for Covid-19 patients.

The Coronavirus has killed more than 800,000 people around the world, and the deaths in the United States have exceeded 170,000. On Sunday, the country allowed blood plasma from recovered patients to be used as a treatment.

The dollar index was little changed overnight but it was down when the markets opened in Europe, down about 0.1% to 93.105.

The Australian dollar rose 0.3% against its US counterpart to 0.71785 and was unaffected by the Treasury’s announcement that the actual unemployment rate would rise to more than 13% in the country.

The euro rose about 0.1% to $ 1.18075. Last week, the dollar overtook the single currency for the first time since mid-June, as corporate activities improved in the United States, while surveys in Europe showed the economic recovery has faltered.

The New Zealand dollar did not rise like other risk currencies, and fell 0.1% against the US dollar, to 0.6532.