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The Dollar was seemed up on Wednesday Morning in Asia that holding the previous session on the back of the positive economic data to the concern of the U.S data of the COVID-19 outbreak in Europe.

If we have a look at the COVID-19 cases continuously rise in the U.S with the number of deaths in the country that surpassing 200,000 that approaches the 6.9 million according to the record of Johns Hopkins University data.

The U.S Dollar Index will track the Greenback against the basket of the other currencies that edged to the 0.18% to 94.162 that reaching the eight weeks high on Tuesday.

The U.S Dollar Index will track the Greenback against the basket of the other currencies that edged to the level at  0.18% to 94.162 than U.S. data showed that existing homes sales surged to 6 million in August, the highest level in nearly 14 years. But investors are also digesting comments from Chicago U.S. Federal Reserve President Charles Evans, who said on Tuesday that the U.S. economy risks a longer, slower recovery and “recessionary dynamics” if Congress fails to pass the latest fiscal stimulus package. He also suggested that it might be possible for the Fed to raise interest rates before inflation starts to average 2%.

The USD/JPY pair was up at the level of 0.21% to 105.14 as Japan got back from a public occasion.

The AUD/USD pair fell 0.54% to 0.7136. Over the Tasman Sea, the NZD/USD pair was down 0.47% to 0.6603. The Reserve Bank of New Zealand will meet later in the day and is generally expected to leave its official money rate at record low levels, just as give a refreshed appraisal of the financial viewpoint.

The USD/CNY pair edged up 0.15% to 6.7881. The GBP/USD pair crept down 0.05% to 1.2725, subsequent to contacting lows unheard of since late July after U.K. Executive Boris Johnson on Tuesday reported new preventing measures. The measures are probably going to be set up throughout the following a half year, with Johnson asking Britons to telecommute.

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Jeffrey Halley

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