TOKYO, April 7 — The British pound edged lower against the US dollar and the euro today after UK Prime Minister Boris Johnson was moved to intensive care after his coronavirus symptoms worsened. The US dollar held onto gains against the euro, the yen, and the Swiss franc as tentative signs that...
The British pound edges lower against major currencies on the back of Prime Minister Boris Johnson worsening condition after a Covid-19 infection. — Reuters pic
The yen was steady against major currencies after Japanese Prime Minister Shinzo Abe unveiled fiscal stimulus worth almost $1 trillion and agreed to declare a state of emergency for Tokyo and other parts of Japan to slow coronavirus infections. “The yen will not react much to the state of the emergency, because other currencies are focused on signs that the coronavirus curve is starting to flatten out.”
Downing Street had said he was still conscious, though his condition deteriorated in the early evening. Risk sentiment improved after the governors of New York and New Jersey pointed to tentative signs that the coronavirus outbreak in their states was starting to plateau.
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