Dollar climbs amid rising risk aversion, economic rebound woes

09.07.2021 - Petr Mazaylo
Dollar climbs amid rising risk aversion, economic rebound woes

The dollar soared on Friday morning in Asia as doubts about global economic rebound continue to surface. Japanese yen and Swiss franc also climbed while Australian and New Zealand dollars placed near multi-month lows.

The U.S. Dollar Index that measures the greenback against other major currencies rose 0.05% to 92.453 but recorded a drop from a three-month high.

The USD/JPY pair also climbed 0.15% to 109.95, with the yen continuing its gain with a 0.8% increase.

The AUD/USD pair fell 0.11% to 0.7420. The Australian dollar recorded a steady drop after tallying a 0.7% crash and hitting its weakest since mid-December 2021 on Thursday.

The NZD/USD pair shed 0.19% to 0.6940.

The USD/CNY pair fell 0.09% to 6.4840. China’s consumer price index (CPI) gained a smaller-than-expected 1.1% year-on-year in June while contracting a bigger-than-expected 0.4% month-on-month. The country’s producer price index (PPI) climbed 8.8% year-on-year.

The GBP/USD pair was down 0.07% to 1.3775.

The Swiss franc soared more than 1% on Friday continuing its gain from the previous session.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue

Help with deposit?