Tuesday, 26 May 2020 15:22 WIB |
CURRENCIES |DOLLARCurrency Euro
The euro got a boost on Tuesday from a weaker dollar as growing optimism about a global recovery from the COVID-19 pandemic supported riskier currencies.
The moves, however, lacked the exuberance of the equities market as Sino-U.S. tensions kept the mood in check.
The euro was last up 0.4% at $1.0935, while the dollar was down by 0.2% against a basket of currencies at 99.50.
The mood among German exporters recovered somewhat in May after a "catastrophic" April, the first full month of coronavirus lockdown measures in Europe's largest economy, the Ifo institute said on Tuesday.
Japan ended its state of emergency on Monday, while Britain said it will reopen thousands of shops, department stores and shopping centres next month. Versus the Japanese yen, the dollar rose 0.2% to 107.89.
Source : Reuters