© Reuters.

By Gina Lee

Investing.com – The dollar was up on Friday morning in Asia, as concerns over the global economic recovery from COVID-19 continue to mount. Safe-haven currencies such as the Japanese yen and Swiss franc also gained, while riskier currencies such as the Australian and New Zealand dollars remained near multi-month lows.

The that tracks the greenback against a basket of other currencies inched up 0.05% to 92.453 by 11:47 PM ET (3:47 AM GMT). However, the U.S. currency dropped from a three-month high.

The pair edged up 0.15% to 109.95, with the yen holding onto gains from the previous session’s 0.8% rally. However, Japan has declared a fresh state of emergency in Tokyo, three weeks before the Olympic Games are due to open in the city, as COVID-19 case numbers continue to rise.

The pair edged down 0.11% to 0.7420 with the Australian dollar continuing its losses after dropping 0.7% and hitting its…

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