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US dollar stays firm as coronavirus anxiety persists

From reuters.com

The dollar held firm on Friday as caution over rapid rises in U.S. coronavirus cases cast doubt over the reopening of the economy, keeping the allure of its safe-haven value. The dollar index =USD stood at 97.360, having pared a large part of this week’s losses. Against the yen, the dollar traded at 107.17 yen JPY=, having gained 0.5% in the overnight session. The euro eased to $1.1221 EUR=, losing steam after hitting a one-week peak of $1.1348 on Tuesday though the currency has maintained weekly gains of about 0.4%. Sterling slipped to $1.2422 GBP=D4, off this week's high of $1.2541 touched on Wednesday. Also ... (full story)

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  • Category: Fundamental Analysis