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U.S. Dollar Rises Amid Decreasing Appetite for Risk


Monday, 30 March 2020 13:13 WIB

Indeks Dolar


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The U.S dollar was up on Monday as the COVID-19 pandemic continues to decrease investors’ appetite for risk.

The U.S. dollar index, which tracks the greenback against a basket of other currencies, rose 0.35% to 98.885 by 11: 18 PM ET (4:18 AM GMT).

Ever increasing numbers of global COVID-19 cases are driving investors to seek haven in the dollar.

The USD/CNY pair clawed back from its losses earlier in the session to gain 0.01% to 7.0949.

The AUD/USD pair fell 0.42% to 0.6139 even as Treasurer Josh Frydenberg is due to announce further income support for workers later today as part of a third stimulus package as the coronavirus savages the economy. The NZD/USD pair gained 0.12% to 0.6028.

The USD/JPY pair lost earlier gains and was down 0.44% to 107.41 and the GBP/USD pair gained 0.75% to 1.2363.

Source: Investing.com


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