Volatility For Euro And Yen Increased to Highest Level Since April Ahead of US Elections

Weekly fluctuations in the euro and the yen increased to their highest levels since the beginning of April, Monday, November 2, indicating concern among dealers ahead of the US presidential elections scheduled for Tuesday.

The dollar rose as investors prepared for the presidential elections, while a rise in global coronavirus infections continued to pressure sentiment. The greenback held gains after recording its biggest weekly percentage gain since late September in the previous trading session.

The euro last traded at $ 1.1627, down 0.2%. The dollar rose 0.3% against the Japanese yen, to 104.91.

The dollar index, which measures the performance of the US currency against a basket of major currencies, rose to its highest level in a month at 94.28, and was up 0.2% in the latest reading.

The pound fell on virus fears after Prime Minister Boris Johnson announced over the weekend a month-long lockdown in England.

The pound slipped to its weakest level in two and a half weeks at $ 1.2863, down 0.7%. It fell 0.5% against the euro to 90.35 pence.

And Covid-19 injuries in Europe have doubled within five weeks, according to a Reuters count, and the total number has exceeded ten million.

The Australian dollar, which is a measure of the risk appetite of dealers in the market, fell to its lowest level in three months at $ 0.6990 and was down 0.4% in recent trade.