The dollar increased on Tuesday to six-week highs, expanding gains from the previous session, as markets turned risk-reluctant over a rush of virus cases and new lockdown measures in Europe.

Stocks sold off on Monday and the currency experienced risk-avoidance moves, with the dollar index rising to its highest in six-weeks.

Although European equities opened higher on Tuesday, the dollar carried on pursuing its climb and higher risk currencies dropped, as new lockdown measures to battle a second wave of coronavirus infections pose a threat to the worldwide economic recovery.

The UK will see additional restrictions on activity, even though Prime Minister Boris Johnson is expected to stop short of stating a complete national lockdown like that forced in March.