Dollar Weakens as Risk Sentiment Improves
Tuesday, 7 April 2020 16:15 WIB | CURRENCIES |USD/JPY,EUR/USDGBP/USDDolar AS Indeks Dolar

The dollar has been on the back foot Tuesday, with risk sentiment boosted by further evidence that the virus has peaked in some countries in Europe, while the U.S. has also seen scattered evidence of improvement.

At 3:10 AM ET (0710 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 100.235, down 0.5%, with the loonie, Aussie and kiwi all rising over 1%. USD/JPY fell 0.3% to 108.88, while EUR/USD rose 0.6% to 1.0859. GBP/USD gained 0.7% to 1.2316 even as Prime Minister Boris Johnson was moved into intensive care overnight due to his worsening COVID-19 symptoms.

The euro will be in focus later as eurozone finance ministers hold a teleconference call to discuss strategies for funding the region's policy response to the virus.  Various ideas and schemes are competing for attention, but the desire of Spain and Italy for jointly-issued and guaranteed 'coronabonds' is likely to be rejected by Germany, the Netherlands and others.

Source : Investing.com

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