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Dollar Edges Higher as Virus Fears Ease; Euro Weakens
Friday, 24 January 2020 15:37 WIB | CURRENCIES |Dolar AS Euro YenDolar

The U.S. dollar is showing some strength against the safe haven Japanese yen Friday as a degree of calmness returns to traders who have fretted all week over the new pneumonia-like virus in China.

By 02:50 ET (0750 GMT), the dollar had climbed 0.1% against the yen, with USD/JPY trading at 109.54. The US Dollar Index Futures, which tracks the greenback against a basket of other currencies, edged up 0.1% to 97.53.

Elsewhere, the euro has shown weakness after the European Central Bank indicated no immediate movement from its current monetary policy stance at Thursday™s meeting. President Christine Lagarde told Bloomberg Friday insisted that the bank is not on "autopilot" but others were skeptical.

At 02:50 ET (0750 GMT), EUR/USD traded 0.1% lower at 1.1048 and EUR/GBP down 0.1% at 0.8417.

Source : Investing.com

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