The safe-haven Japanese yen climbed to a two-week peak against the dollar on Friday, lifted by concerns about a surge in coronavirus infections in the United States and around the world. The yen was on track to post its largest daily percentage gain against the dollar in about a month.
The greenback fell against a basket of major currencies, pressured by weaker-than-expected U.S. producer prices in June as well as positive news about the potential coronavirus vaccine remdesivir that hurt the dollar's status as a safe haven.
In late morning trading, the dollar fell 0.5% against the yen to 106.66 yen. The dollar index also fell 0.3% to 96.451 The euro rose 0.3% against the dollar to $1.1318, while the British pound was up 0.4% at $1.2655.
Source : Reuters
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