The change in risk sentiment was fuelled by COVID-19 concerns as a resurgence of infections has caused some areas to place new restrictions on business activity.
Investors hope that the upcoming earnings season and fiscal and monetary policy talks will fuel an economic recovery from the coronavirus-induced downturn.
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.