The dollar struggled to stem its broad decline on Thursday as investors worried the US economic recovery may lag other countries due to a high level of coronavirus infections while the global economy slowly gets back on its feet.

The dollar’s index against a basket of currencies =USD edged down 0.1% to 92.719, having fallen more than 0.5% in the previous session to approach its two-year low of 92.539 marked last Friday.

“Dollar-selling seems to have resumed. We are having the same structure we saw in July,” said Shinichiro Kadota, senior strategist at Barclays.

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