Dollar retreats again in Asia as solid data offsets coronavirus worries

The dollar handed back some recent gains against most of its major rivals on Tuesday, as strong regional economic data helped to offset worries about a second wave of Covid-19 cases in Europe and the United States. Profits at China’s industrial firms rose for a fifth straight month in September and South Korea’s economy roared back to growth, official data showed. That supported the yuan and sent the won soaring close to a seven-month peak. It also unwound some of the previous day’s modest dollar gains against major currencies amid an equities selloff driven by a resurgence in coronavirus infections….