The dollar was hemmed into a narrow range on Friday, supported by safe-haven flows as a resurgence of the coronavirus in the United States discouraged some investors from taking on excessive risk.
The yuan held steady after data showing a strong rebound in China™s services sector, as investors avoided big positions due to worries about diplomatic friction between Washington and Beijing over civil liberties in Hong Kong.
The U.S. economy added more jobs than expected in June, data showed on Thursday, but reaction in the currency market has been muted because another spike in coronavirus infections threatens to once again put the breaks on economic activity.
Against the euro, the dollar traded at $1.1243 on Friday in Asia.
The dollar held steady at 0.9460 Swiss franc after three straight days of gains.
The British pound traded hands at $1.2465 and stood at 90.20 pence per euro.
The dollar was little changed at 107.57 yen.
Source : Reuters
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