SINGAPORE, June 29 — A firm US dollar kept riskier currencies under pressure today, as a surge in coronavirus cases and the re-imposition of curbs to stop its spread had investors worried that a global economic recovery could be derailed even before it had taken root. California ordered some bars...
Monday, 29 Jun 2020 09:48 AM MYT
California ordered some bars to close yesterday, following similar moves in Texas and Florida, as cases nationwide soar to record levels each day. Washington state and the city of San Francisco have paused re-opening plans. Against a basket of currencies the dollar was steady not far below a four-week peak today at 97.466. The safe-haven Japanese yen also held at 108.18 per US dollar.
The euro is set to wrap up its best two months against the dollar in a year and a half, as hopes for a united EU response to the virus and a swift regional recovery propel the single currency ahead about 2.5 per cent since the beginning of May.
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