International

Dollar heads for biggest monthly drop in a decade as virus fuels US economy fears

A currency trader talks on the phone near the screens showing the Korean Securities Dealers Automated Quotations (KOSDAQ), right, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea, Friday, July 31, 2020. Asian shares tumbled Friday as reports showed layoffs of American workers are persisting at high levels after the U.S. economy contracted at a nearly 33% annual pace in the spring, the worst quarter on record. (AP Ph

 

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