NEW YORK June 23 — The US dollar weakened and higher-risk currencies including the Australian dollar jumped yesterday as investors focused on the prospect for an eventual economic recovery from the coronavirus pandemic. Traders bought riskier currencies even after signs of setbacks in the battle...
The dollar dipped 0.64 per cent against a basket of currencies to 97.06. The euro gained 0.72 per cent versus the dollar to 1.1256, rising off recent two-and-a-half-week lows.― Reuters pic
The World Health Organisation reported a record increase in global novel coronavirus cases on Sunday, with North America and South America showing the largest rises. “Conviction is really lacklustre, so sentiment can certainly change on a dime, but for now the market is taking the view of the glass half full.”
“If markets start to make the connection that more cases will automatically imply new lockdowns then obviously it will get much more sensitive to any new peak in terms of second wave,” Pesole said.
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