TOKYO, July 13 — The US dollar started the week with a soft tone today as investors looked to looming economic data from around the world and US corporate earnings to gauge whether the markets' guarded optimism on the economic outlook is justified. The greenback ended its third week of losses on...
The US dollar took its third week of losses on Friday and starts the new week on a soft note. ― Reuters pic
The dollar index against a basket of currencies stood at 96.586, down slightly after having lost about 0.5 per cent last week. Hopes for development of drugs and vaccines for the disease are also supporting risk sentiment as do economic indicators that have so far shown a recovery from lockdowns. US consumer inflation figures for June are due tomorrow while retail sales, a key gauge of consumption, are released on Thursday.
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