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Dollar dips as virus worries persist despite some signs of hope


Tuesday, 7 April 2020 13:03 WIB

DOLLARCurrency Yen


c_740_198_16777215_00_images_assets_CURRENCY2_68dollar.jpg

The dollar fell against the yen on Tuesday as U.S. stock futures erased gains and traded lower in a sign some investors remain concerned about the economic shock posed by the coronavirus pandemic.

The pound clawed back some recent losses against the dollar, but sentiment for sterling remains fragile after British Prime Minister Boris Johnson was moved to intensive care after his coronavirus symptoms worsened.

The yen was supported against major currencies after Japanese Prime Minister Shinzo Abe unveiled fiscal stimulus worth almost $1 trillion to offset the economic impact of the coronavirus.

The dollar fell 0.32% to 108.89 yen in Asia on Tuesday. Against the euro, the dollar eased slightly to $1.0805.

Against the save-haven Swiss franc, the greenback held steady near a two-week high of 0.9796.

Source : Reuters


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