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Dollar deepens losses as US protests continue

Economies.com
2020-06-01 20:15 UTC

The US dollar fell against most currencies on Monday, amid protests and riot in the US.

 

President Donald Trump lashed out at some state governors during a video conference today, describing them as weak, and encouraged the governors to dominate the protests, violence and stores looting.

 

This came after the killing of an African-American citizen at the hands of the local police, which ignited state-wide protests and riots due to the incident's racist origins.

 

Otherwise, fears eased about the tensions between the US and China after the new Chinese national security law in Hong Kong and the coronavirus origin.

 

The dollar index fell against a basket of currencies by 0.5% to 97.8 points as of 20:03 GMT, after it hit a high of 98.3 and a low of 97.8.

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