USD climbs as uncertainty over Evergrande swirls

The U. S. dollar was on track for its biggest daily percentage gain against a basket of major currencies in a week during Friday’s sessions.
Uncertainty over stressed Chinese Evergrande Group helped the USD bounce back from a sharp decline in the prior session.
Evergrande owes $305 billion but has run short of cash, missing a Thursday deadline for paying $83.5 million and leaving investors questioning whether it will make the payment before the expiry of the 30-day grace period.
A collapse of the company could create systemic risks to China’s financial system.
The safe-haven dollar had its biggest one-day percentage drop in about a month on Thursday after Beijing injected new cash into the financial system and Evergrande announced it would make interest payments on an onshore bond.