The US dollar is enjoying its safe-haven status as the worsening pandemic in China raises fears for the economy. This Monday the greenback climbs against several major currencies, including the euro and the yuan,

Towards 08:35 GMT (10:35 CET), the Dollar index, which compares the greenback to a basket of other major currencies, rose 0.21% to 101.43 points after reaching 101.74 points, a record since March 2020. The yuan, whose chinese state-controlled rate is not included in the Dollar index, lost 0.79 percent to 6.5530 yuan to the dollar, after reaching 6.5560 yuan, the lowest since April 2021.

The death toll from Covid-19 rose to 87 in Shanghai on Sunday. The dollar is also benefiting from the prospect of a sharp tightening of monetary policy by the US Federal Reserve (Fed), which has signaled its willingness to act quickly to counter inflation. In this context, the euro lost 0.38% to $1.0750, after reaching $1.0707, the lowest since March 2020.

On the side of other currencies, the pound was also suffering from the strength of the dollar (-0.61% to $1.2761, after reaching $1.2729, the lowest since September 2020). The Japanese and Swiss currencies, other safe havens, took respectively 0.31% to 128.10 yen and 0.09% to 0.9567 Swiss francs against the dollar.