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Dollar Gives Ground to Higher-Risk Currencies as Chinese Shares Soar
Thursday, 9 July 2020 15:12 WIB | CURRENCIES | Indeks DolarDolar AS

The U.S. dollar fell against most currencies on Thursday as a rally in riskier assets such as global equities and commodities put a dent in safe-haven demand for the U.S. currency.

China's yuan rose to a four-month high against the dollar, extending recent gains as investors of all stripes increased positions in Chinese stocks due to growing signs of a recovery in the world's second-largest economy.

The euro was up 0.2% at $1.1355 even after German export data failed to meet analysts' expectations.

The common currency jumped earlier to a one-month high of $1.1371.

The British pound rose 0.3% to $1.2647, a three-week high.

Source : Reuters

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