LONDON (The HQ News) – Euro topped an 11-week high on Wednesday, on track for a continuous seven-day gains.

The Australian dollar hit a five-month high of 0.6982 against the greenback AUD=D4, as funds sought exposure to economies expected to make the fastest recoveries from the coronavirus (COVID19) pandemic.

The U.S. dollar fell against the Australian dollar which hit a five-month high of 0.6982, similarly the U.S. dollar also fell against British pound, the Norwegian and Swedish crowns, the Canadian and many other currencies as mass protests against racism across the United States are continued with severity.

An index following the dollar against six major currencies =USD fell to nearly a three-month low of 97.32.

The dollar is falling against most currencies as the prospects of more stimulus and hopes for economic recovery encouraged investors to buy riskier assets.