NEW YORK, April 23 — The dollar edged higher yesterday, adding to the previous session’s gains, as safe-haven currencies remained largely well supported even as markets began to stabilize and oil prices recovered from another slump. The US Dollar Currency Index, which measures the greenback’s...
The US Dollar Currency Index, which measures the greenback’s strength against six other major currencies, was 0.19 per cent higher at 100.39. The index hit a two-week high of 100.50 earlier in the session. — Reuters pic
Brent crude oil rebounded from two days of losses and US futures surged yesterday, bolstered by tentative talk of additional supply cuts from Opec producers and US inventory builds that were less dire than some expected. “The focus is really on two things: what politicians and governments are doing dealing with the virus, and more importantly people are talking about the lockdown and the reopenings by state,” Anderson said.
The dollar was about flat against the Japanese yen. The yen climbed rose about 0.4 per cent against the euro.
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