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Dollar stable, markets torn between upbeat data and virus fears


Tuesday, 30 June 2020 15:36 WIB

DOLLARCurrency Indeks Dolar


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The dollar held on to modest gains on Tuesday as upbeat U.S. home sales and Chinese factory data left traders torn between optimism about global growth rebounding and fears a surge in new COVID-19 cases could jeopardise a swift V-shaped recovery.

California and Texas saw record rises in new infections on Monday while in Britain, a reinforced lockdown was imposed in the city of Leicester.

A warning from U.S. Federal Reserve Chair Jerome Powell that the outlook for the world's biggest economy was "extraordinarily uncertain", however, kept investors on their toes.

Against a basket of currencies, the dollar index was up 0.27% at 97.686 while the euro lost 0.3% at $1.1209.

The safe-haven Swiss franc slipped marginally. The dollar rose 0.1% against the franc to 0.9521 while it was also climbed against the Japanese yen, another currency considered a safe store of value, and last up 0.1% to 107.715 yen,

Source : Reuters


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