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Solid U.S. Data and Virus Optimism Supports Dollar


Thursday, 6 February 2020 09:18 WIB

DOLLAR Indeks DolarDolar ASEUR/USDUSD/JPY,


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The U.S. dollar stood tall on Thursday, supported by firm domestic data and hopes the coronavirus' economic impact could be limited, even as the human toll continued to climb.

Another 73 people on the Chinese mainland died on Wednesday from the outbreak, the highest daily increase so far, bringing the total death toll to 563.

Amid the uncertainty about the virus, currency investors also turned their attention to traditional market drivers, specifically U.S. private payrolls, which posted their biggest jump in nearly four years, while a separate report showed a service sector pickup.

That helped the greenback higher and it drifted north in morning trade to a two-week high of 109.87 Japanese yen. It sat at $1.0994 per euro, just below a one-week peak touched overnight against the common currency, while the Australian dollar inched ahead by 0.1%.

Source : Reuters


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