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Dollar Edges Higher as Virus Fears Ease; Euro Weakens


Friday, 24 January 2020 15:37 WIB

Dolar Yen EuroDolar ASYen Jepang


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The U.S. dollar is showing some strength against the safe haven Japanese yen Friday as a degree of calmness returns to traders who have fretted all week over the new pneumonia-like virus in China.

By 02:50 ET (0750 GMT), the dollar had climbed 0.1% against the yen, with USD/JPY trading at 109.54. The US Dollar Index Futures, which tracks the greenback against a basket of other currencies, edged up 0.1% to 97.53.

Elsewhere, the euro has shown weakness after the European Central Bank indicated no immediate movement from its current monetary policy stance at Thursday’s meeting. President Christine Lagarde told Bloomberg Friday insisted that the bank is not on "autopilot" but others were skeptical.

At 02:50 ET (0750 GMT), EUR/USD traded 0.1% lower at 1.1048 and EUR/GBP down 0.1% at 0.8417.

Source : Investing.com


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