Dollar, safe-haven currencies buoyed by U.S. coronavirus anxiety

July 10, 2020, 08.08 AM | Source: Reuters
Dollar, safe-haven currencies buoyed by U.S. coronavirus anxiety

ILUSTRASI. Rolled Euro banknotes are placed on U.S. Dollar banknotes


RATE DOLLAR - TOKYO. The dollar and other safe-haven currencies were well bid on Friday after a surge in new coronavirus cases in the United States further undermined the case for a quick economic recovery.

More than 60,000 new COVID-19 infections were reported across the United States on Wednesday, the greatest single-day tally by any country in the pandemic so far, discouraging some American consumers to return to public spaces.

The caution helped to lift the dollar index to 96.798 from near one-month low of 96.233 touched on Thursday.

Read Also: Asian shares set to slip as coronavirus concerns weigh

The euro fell to $1.1288, slipping back after having scaled a one-month high of US$ 1.1371 on Thursday. Against the safe-haven yen, the dollar traded at 107.20 yen , having touched its lowest level in 10 days in the previous trade.

The Swiss franc also strengthened to its highest level in six weeks against the euro, to 1.0609 franc per euro.

Against the dollar, the franc changed hands at 0.9407 per dollar after having touched a four-month high of 0.93625 to the dollar.

"The market was in a mild risk-off mood, following pretty bad coronavirus figures from Florida," said Kyosuke Suzuki, director of currencies at Societe Generale.

Editor: Anna Suci Perwitasari

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