Dollar ready to archive the biggest weekly gains in the last month in the wake of growing geopolitical tensions and fears that a second wave of coronaviruses could derail the already uncertain economic recovery.
The dollar gained 0.3% this week against a basket of currencies, the best performance since mid-May.
The tension between China and India remains high, despite the two powers having promised to normalize the crisis in the Himalayan area, and between Beijing and Washington.
But the currency market also looks to today's European meeting in which leaders will tackle the thorny theme of the 'Recovery fund' with rather sharp divisions between different bloc countries.
The euro is trading marginally higher against the dollar at 1.1214, after selling around 1% since Tuesday on concerns about the implementation of the Commission's proposal on the fund itself.
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