Thursday, 04 June 2020
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Dollar supported as investors seek safety in liquidity
Thursday, 2 April 2020 08:21 WIB | CURRENCIES | Indeks Dolar

The dollar held gains on Thursday as investors rushed to the security of the world's most liquid currency as the coronavirus pandemic caused massive disruptions to global trade.

The dollar index against a basket of major six currencies (=USD) gained 0.53% overnight as the U.S. currency advanced against most of its major peers except for the safe-haven yen.

In early Thursday trade, the euro was little changed at $1.0959 (EUR=) after 0.69% fall on Wednesday. Sterling fetched $1.2382 , having lost 0.40% on Wednesday.

The Australian dollar changed hands at $0.6080 , having dropped 0.99% in the previous session.

The dollar traded at 107.15 yen after it touched a two-week low of 106.925 on Wednesday.

Source: Reuters

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