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Dollar creeps higher as virus worries return


Wednesday, 8 April 2020 08:47 WIB

DOLLARCurrency


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The dollar found a footing on Wednesday as investors returned to safe-havens, unwinding some risk currency gains made on hopes the coronavirus crisis in Europe and New York was slowing.

The greenback rose on most majors besides the safe-haven Japanese yen, a day after suffering its worst drop against a basket of currencies in nearly two weeks.

Safe-haven gains were slight but gathered pace in morning trade as the two-day rally in Asia's equity markets lost steam and bonds and gold firmed. [MKTS/GLOB]

The U.S. currency rose most against the risk-sensitive Australian and New Zealand dollars, gaining about 0.5% on each to sit at $0.6142 per Aussie and $0.5951 per kiwi .

The dollar edged 0.1% lower to 108.55 yen . It rose a fraction against the British pound to $1.2321 and euro (EUR=) to $1.0878.

Source : Reuters


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