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Dollar Recovers Slightly on Hopes for Stimulus Following Oil and Virus Shock
Tuesday, 10 March 2020 08:13 WIB | CURRENCIES |Dolar AS Indeks DolarDOLLAR

The dollar recovered slightly on Tuesday from heavy losses against the yen, the euro, and the Swiss franc due to hopes for U.S. economic stimulus and a bounce in Treasury yields.

The greenback started to grind higher as U.S. stock futures rose after U.S. President Donald Trump said the White House will hold news conference on Tuesday about economic measures in response to the coronavirus outbreak.

The dollar rose 0.63% to 102.34 yen, pulling back from the lowest in more than three years.

Against the euro, the greenback rose 0.24% to $1.1400 after falling on Monday to its lowest in more than a year against the common currency. The dollar rose 0.36% to 0.9283 Swiss franc on Tuesday after three days of heavy selling pushed it to the lowest in almost five years. Data suggests the Swiss National Bank is now ramping up its market interventions to weaken its currency.

Source : Reuters

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