By Gina Lee – The dollar was up on Monday morning in Asia, remaining near its highest levels in months. Investors turned to the safe-haven U.S. currency as COVID-19 cases continue to increase globally, in turn prompting concerns about the global economic recovery.

The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched up 0.02% to 92.707 by 12:28 AM ET (X AM GMT).

The USD/JPY pair edged down 0.15% to 109.91.

The AUD/USD pair was down 0.22% to 0.7386. and the NZD/USD pair edged down 0.20% to 0.6994.

The USD/CNY pair inched up 0.01% to 6.4790 and the GBP/USD pair inched down 0.09% to 0.3760.

The riskier Australian dollar fell to its lowest level against its U.S. counterpart since 2021 as the Asia session got underway while hitting a five-month low against the safe-haven Japanese yen.

Countries such as Australia and South Korea reimposed restrictive measures to curb their latest outbreaks,…

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