Dollar declines for first session in four on weak demand

2020-06-29 14:48:58 GMT (Economies.com)
Dollar declines for first session in four on weak demand

US dollar lost ground in European trade against a basket of major rivals on track for the first loss in four days as risk appetite improves, hurting haven demand on the greenback, 

 

The dollar index fell 0.4% to 97.11, after closing up 0.1% on Friday, the third profit in a row. 

 

The dollar index marked a 0.2% loss last week, the first weekly loss in three on hopes for achieving quick global recovery from the coronavirus pandemic. 

 

Most global stocks rose today on hopes that highly infected countries such as the US, Brazil, and India would control the outbreak eventually similar to Europe and China. 

 

The hopes coincide with massive monetary and financial stimuli by major economies with growth expected to be back later this year. 

 
 
 
  Symbol Last Change Chg.%
1.1246
-0.0031
0.2718%
1.2486
0.0178
1.4462%
Tadawul
7312.24
58.91
0.81%
18.047
0.268
1.507%
40.285
1.510
3.894%
42.80
-0.34
0.79%
1774.730
3.115
0.176%
 
 
Live Forex Updates