Dollar Retreats, With Investors Balancing Positive Chinese Data with Ever Increasing COVID-19 Numbers
Tuesday, 30 June 2020 11:47 WIB | CURRENCIES |DOLLAR

The dollar retreated on Tuesday morning in Asia, giving up it gains from the last session as investors balance positive trade data with increasing COVID-19 figures.

China reported a higher-than-expected manufacturing Purchasing Manager™s Index of 50.9 earlier in the day. Meanwhile, COVID-19 continues its rampage, with over 10.2 million cases as of June 30 according to Johns Hopkins University data.

U.S. Federal Reserve Chair Jerome Powell warned on Monday that the outlook for the U.S. economy is "extraordinarily uncertain" and is dependent on the virus being contained and government measures to support recovery. Some U.S. states have reported a recent surge of cases as they prepared to re-open and restart their economies.

Cirque de Soleil filed for bankruptcy protection on Monday after COVID-19 forced the group to cancel shows and lay off employees.

The U.S. Dollar Index that tracks the greenback against a basket of other currencies slipped 0.05% to 97.448 by 12:09 PM ET (5:09 AM GMT).

The USD/JPY pair was up 0.15% to 107.72.

The AUD/USD pair gained 0.31% to 0.6885 and the NZD/USDpair gained 0.12% to 0.6427.

Source : Investing.com

RELATED NEWS

Japanese Yen Gains as Virus Caution Weighs
Friday, 10 July 2020 15:52 WIB

The dollar paused on Friday as concerns about a surge in coronavirus infections in the United States and elsewhere supported the safe haven Japanese yen, while risk-sensitive currencies lost ground. More than 60,000 new COVID-19 cases were reported across the United States on Thursday, the largest ...

Dollar rises from four-week low as US stocks retreat
Thursday, 9 July 2020 23:28 WIB

The dollar rallied from a four-week low in choppy trading on Thursday, enhancing the greenback's safe-haven appeal, as U.S. stocks fell with market sentiment turning cautious as the United States hit another record high on new coronavirus cases. The euro, meanwhile, fell from a one-month high versu...

Dollar Gives Ground to Higher-Risk Currencies as Chinese Shares Soar
Thursday, 9 July 2020 15:12 WIB

The U.S. dollar fell against most currencies on Thursday as a rally in riskier assets such as global equities and commodities put a dent in safe-haven demand for the U.S. currency. China's yuan rose to a four-month high against the dollar, extending recent gains as investors of all stripes increase...

Dollar Retreats Over Increased Hopes of Economic Recovery
Thursday, 9 July 2020 13:16 WIB

The dollar was down on Thursday morning in Asia, with investors retreating from the safe-haven asset over increased hopes of an economic recovery. Corporate earnings from U.S. companies such as Apple and Amazon are due next week, increasing investor risk appetite. But the increase was capped by ev...

Dollar slides as US stocks rally, but sentiment cautious
Wednesday, 8 July 2020 23:18 WIB

The dollar fell on Wednesday, tempering its safe-haven appeal for now, as U.S. stocks rallied, although sentiment remained cautious amid a resurgence of new coronavirus cases globally, particularly in the United States. Demand for the U.S. currency proved remarkably stable as oil prices steadied wh...

ANOTHER NEWS
Japanese Yen Gains as Virus Caution Weighs
Friday, 10 July 2020 15:52 WIB The dollar paused on Friday as concerns about a surge in coronavirus infections in the United States and elsewhere supported the safe haven Japanese yen, while risk-sensitive currencies lost ground. More than 60,000 new COVID-19 cases were...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.