U.S. dollar edges down amid coronavirus uncertainty

Wed, 05 Aug 2020

U.S. dollar edges down amid coronavirus uncertainty

Xinhua
04 Jul 2020, 05:44 GMT+10

NEW YORK, July 3 (Xinhua) -- The U.S. dollar declined modestly in late trading on Friday as traders continued to focus on rising coronavirus cases and weigh their impact on the economic recovery.

The dollar index, which measures the greenback against six major peers, was down 0.10 percent at 97.1762.

In late New York trading, the euro was up to 1.1244 U.S. dollars from 1.1234 dollars in the previous session, and the British pound increased to 1.2476 dollars from 1.2463 U.S. dollars in the previous session. The Australian dollar increased to 0.6942 U.S. dollar from 0.6922 dollar.

The U.S. dollar bought 107.47 Japanese yen, lower than 107.55 Japanese yen of the previous session. The U.S. dollar decreased to 0.9448 Swiss franc from 0.9457 Swiss franc, and it fell to 1.3553 Canadian dollars from 1.3578 Canadian dollars.

The number of new coronavirus infections has continued to rise in the United States, causing some states to suspend their easing measures.

More than 2.77 million confirmed COVID-19 cases have been reported in the United States, with over 129,000 deaths, as of Friday afternoon, according to the Center for Systems Science and Engineering at Johns Hopkins University.

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