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The U.S. Dollar fell on Monday morning in Asia, losing a portion of its gains from the start of the session.
The Dollar was bolstered after several countries planned to ease lockdown measures, improving investor sentiment. The three leading states for U.S. manufacturing – California, Michigan, and Ohio – had taken steps to resume factories and some businesses to resume operations.
The U.S. Dollar Index dipped by 0.04% to 99.725 at 11:25 PM ET (4:25 AM GMT) after the number of unemployment claims since late March in America rose above 30 million. Treasury Secretary Steve Mnuchin had warned overnight that the U.S. unemployment rate may have already reached 25%.
The Japanese Yen gained 0.16% to ¥106.82 per Dollar after Japan had pledged to roll out a second budget to soften the economic blow from the COVID-19 pandemic. The budget comprises of aid and subsidies for companies severely impacted by the pandemic.
Down under, the Australian Dollar rose by 0.38% to $0.6553 while the New Zealand Dollar gained 0.15% to $0.6142.
The British Pound Sterling rose by 0.15% to $1.2426 after U.K. Prime Minister Boris Johnson drafted plans to slowly lift lockdown measures on Sunday.
The Dollar fell to two-year lows on Friday, heading to its lowest decline in 10 years as concerns mounted over the economic recovery of the U.S. amid a second resurgence of the COVID-19 pandemic. The Dollar index plunged to 92.777, on course ...
June had seen Japan’s industrial output breaking its four-month slump. The recuperation could be attributed to a modest recovery seen in broader business and consumer activity after the world’s third-biggest economy suffered from ...
The dollar was briefly lifted on Thursday after the U.S. Federal Reserve offered no concrete clues about its next course of action, while investors hoped for an easy policy as the coronavirus resurgence stalled economic recovery. The dollar ...
Asian stocks advanced on the prospect of ultra-easy monetary policy as the U.S. Federal Reserve kept interest rates near zero. Fed deemed it necessary to salvage the ailing economy, dragging the dollar down to a two-year low. The target range ...
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
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