The dollar paused on Friday as Alarming new spikes in coronavirus cases in the United States stoked concern about the pace of economic recovery.
Investors shrugged off diplomatic tension between Washington and Beijing to focus on China’s economic recovery.
Federal Reserve officials expressed concern that rising coronavirus cases could harm economic growth just as stimulus measures start to expire.
The euro zone economy will drop deeper into recession this year and a mild rebound will follow in 2021, according to a European Commission forecast.
Markets have been balancing hopes for some positive economic developments, though the US infections resurgence clouds the future of the global economy.