Dollar gains on Japanese demand before fiscal year end, pandemic weighs on mood
Tuesday, 31 March 2020 08:04 WIB | CURRENCIES | Indeks Dolar

The dollar rose against the yen on Tuesday as Japanese investors and companies rushed to cover a shortage of the U.S. currency before their fiscal year end, but sentiment remained fragile as the global coronavirus crisis showed no signs of abating.

The dollar rose 0.23% to 108.06 yen on Tuesday in Asia.

The euro was little changed at $1.1031. Traders are bracing for data expected to show a rise in German unemployment as the global economy reels from the coronavirus pandemic.

Against the Swiss franc, the dollar held steady at 0.9600, following a 0.8% gain on Monday.

Sterling fell 0.46% to $1.2367, and against the euro, the pound fell 0.38% to 89.23 pence. The Australian dollar held its ground at $0.6170.

Source: Reuters

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