The dollar rose 0.6% against the euro, 0.9% against the Aussie and even made gains against the safe-haven currencies of the Japanese yen and Swiss franc.
Against a basket of six major currencies the greenback hit a six-week high and held just below that in early Asian trade at 93.547. Gold fell against the rising dollar.
The heaviest selling was in financials, after a fresh dirty money scandal embarrassed global banks, but soon spread to other sectors and asset classes amid worries about possible new lockdowns as Covid-19 cases spread. Investors are also fretting that the chances of more fiscal stimulus in the U.S. are ebbing as campaigning dominates the political landscape.
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