Risk aversion dominates, "Delta" worries

The single currency continues to decline this week amid growing fears around the spread of the Delta variant in several countries. Thus, the increase in contamination continues to fuel fears about the strength of the global economic recovery as new health restriction measures are put in place mainly in Europe and the United States.

Under these conditions, the dollar takes advantage of investors' risk aversion and benefits from its status as a safe haven asset by advancing against a benchmark of currencies.


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