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Dollar Steadies After Slide as Greenback Funding Stays Tight


Wednesday, 25 March 2020 08:58 WIB

Yen EuroDolar ASPoundsterlingAussieDolar


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The dollar halted its decline and gains in riskier currencies petered out on Wednesday as fresh rises in coronavirus cases kept markets on edge and the greenback funding market tight.

Foreign exchange markets were in consolidation as the prospect of a huge U.S. stimulus package bolstered Asian stock markets although gains in riskier currencies were tempered.

The safe-haven dollar, which had pulled back from recent peaks, was now steady against the euro at $1.0789, and fell only marginally against the yen to 111.11 yen per dollar.

Currencies that fell the hardest last week hung on to overnight gains. The pound was steady at $1.1759, the Australian dollar was 0.2% weaker at $0.5941 after running as far as $0.5990 in early trade.

Source : Reuters


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