Dollar holds gains for third straight session

2020-06-26 12:53:03 GMT (Economies.com)
Dollar holds gains for third straight session

Dollar gained ground in European trade against a basket of major rivals for the third straight session amid mounting risks in the market and ahead of US data on consumer spending. 

 

The dollar index rose 0.1% top 97.48, after closing up 0.2% yesterday, the second profit in a row after weak data that drove up haven demand. 

 

The greenback remains a favorite for investors in times of distress even as the US economy weakens. 

 

The US recorded a new record high of new Covid 19 cases yesterday, while the International Monetary Fund released some grim GDP forecasts for the US and the world for 2020. 

 

From the US, personal spending is expected up 8.9% in May, while personal income is expected down 6%, compared to a 10.5% increase in April. 

 

The final reading of the University of Michigan consumer sentiment survey is expected up slightly to 79.1 from 78.9. 

 
 
 
  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