Dollar firms, investors cautious on economic re-opening

20.04.2020 - Korneychuk Evgeniya
Dollar firms, investors cautious on economic re-opening

The dollar firmed on Monday while risky currencies fell, as governments worldwide prepare for an economic re-start.

Major currencies were range-bound but the New Zealand, Canadian, and Australian dollars all fell 0.3%.

Asian equities and U.S. stock futures also eased.

The Australian dollar traded at $0.6344, while the New Zealand dollar stood at $0.6013.

As investors rushed to the dollar, the euro, yen, and pound also eased. The euro fell 0.2%, at $2.0858, while the pound declined and stood at $1.2477. The dollar climbed 0.2%, at 107.77 against the yen.

The week ahead is crucial to the market as governments worldwide assess the possibility of economic re-opening.

After China’s first quarterly growth decline, the country is expected to slash its benchmark lending rate.

The yuan steadied at 7.0711 against the dollar in offshore trade.

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