The dollar edged toward an almost 2% weekly rise on Friday, boosted by a surge in the oil price and as investors sought safety amid the worsening economic fallout from the coronavirus pandemic.
A trader shows U.S. dollar notes at a currency exchange booth in Karachi, Pakistan December 3, 2018. REUTERS/Akhtar Soomro
The largest ever daily gain in crude oil prices helped the greenback to its best day in two weeks against the euro overnight, since the United States is the world’s top oil and gas producer.on Friday - ahead 2.7% for the week. Against a basket of currencies=USD the dollar is up 1.8% for the week so far at 100.210, its best performance since mid-March.
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