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The U.S. dollar rose slightly in Asia on Friday after crude oil prices surged by almost 25% in a previous session. The jump in oil prices came after U.S. President Donald Trump signalled on a potential truce between Saudi Arabia and Russia regarding their price war on Thursday.
The Greenback, against a basket of currencies rose by 0.04% to 100.31 by 11.32 AM ET (04:32 GMT).
Against the Japanese Yen (JPY), the U.S. dollar (USD) went up by 0.01% to 107.92. Meanwhile, the Australian Dollar (AUD) gained 0.09% against the USD to 0.6065 as the New Zealand Dollar (NZD) slipped by 0.12% to 0.5909.
Against the Chinese Yuan the Dollar inched up by 0.1% to 7.0890 while the British Pound sterling fell by 0.14% to 1.2374 per Dollar.
Despite steady gains, investors remained cautiously optimistic after the World Health Organization said that the global number of confirmed cases had risen to 900,306 as of April 2nd.
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 traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
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 ...
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