The dollar firmed on Wednesday as a surge in new U.S. coronavirus cases and the reinstatement of lockdowns in several countries prompted a safe-haven bid. Risk sentiment also weakened after Federal Reserve

Asian shares surged to a near three-month peak on Wednesday amid hopes of economic stimulus and easing lockdowns. These factors outweighed investors  caution over the pandemic and the ongoing U.S.

The dollar plunged on Tuesday as investors hoped for a faster global economic recovery despite the growing U.S.-China tensions and mass protests in several U.S. cities. The dollar index fell to 97.790,