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The Dollar retreated from gains in Europe earlier on Friday. However, losses were not far from its two-week high as worries of a second wave mounted with increasing new COVID-19 cases worldwide.
The Dollar index slipped 0.1% to 97.352 at 3:10 AM ET (0710 GMT). The index had previously reached a daily high of 97.495, the highest since the start of June.
Against the Japanese Yen, the Dollar dipped by 0.1% to ¥106.91, while the Australian Dollar fell by 0.2% to $0.6867.
The Euro traded higher by 0.1% to $1.1212, a little above Thursday’s two-week low of $1.1186.
The EUR/USD pair fell by 0.4%, though up by 2.1% for June, this week as doubts mounted on the political viability of the EU’s stimulus plan.
The British Pound Sterling gained 0.2% against the Dollar to $1.2452. The gains were attributed to the 12% jump in Britain’s retail sales for May, which had recovered from a record plunge of 18% in April.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
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 ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
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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