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The Euro fell against the dollar this Wednesday that following the media report of the France government was leaning towards reinstating the national lockdown to curb the infection of the coronavirus cases.

The Dollar gave the gains against the major currencies that turned to the bearish due to the uncertainty about to outcome of the US presidential election to the next week. The spike of the infection is certainly the concern of France and southern Europe.

The EUR seemed to fell down at the level by 0.14% to $1.1780 in Asia on Wednesday that goes down to the third consecutive session.

The dollar held steady at the level of $1.3035 that supported by the hopes of the last-minute trade deal between Britain and the European Union.

On the other hand, the dollar was little changed at the level of $104.46 yen after the decline of the level 0.4% decline this Tuesday that brought it close to the month low.

Brokers, nonetheless, state the greater spotlight is on the United States, which is likewise attempting to contain the Covid as individuals vote right on time before races on Nov. 3.

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Jeffrey Halley

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