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The dollar firmed on Tuesday as risks from rising coronavirus infections compensated for strong economic data and capped confidence on economic recovery.
The dollar steadied on most majors, while the dollar index held on a near two-week low.
The Aussie fell from a one-month high as Melbourne imposed six-week stay-at-home restrictions due to rising cases. The Aussie was steady despite the Australian central bank’s decision to keep interest rate at a record low of 0.25%.
Since April, the commodity currency Aussie rose 14%, while the kiwi gained 10%. The Norwegian krone climbed 11% and the Swedish krona 8%.
On Tuesday, the kiwi steadied at $0.6554 after being range-bound for a month.
The yuan stood at 6.9965 on the dollar, while the euro sat below a two-week high of $1.1311.
The pound steadied at $1.2505 and the yen fell to 107.36 against the dollar.
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 ...
Oil prices fell on Thursday as the rising global coronavirus cases weighed on fuel demand recovery just as OPEC+ producers are set to increase supply. The Brent contract for October slid 0.05%, or 2 cents, at $44.07 per barrel, while the September ...
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 ...
On Wednesday, European stocks rose slightly after mixed earnings reports. However, the new wave of the coronavirus outbreak kept investors cautious while they also wait for the U.S. Federal Reserve’s announcement. The Stoxx Europe 600 ...
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