|Day's range||7.134 - 7.134|
|52-week range||6.8271 - 7.1839|
Investing.com - The U.S. dollar pushed higher in early European trade Wednesday amid doubts over a potential vaccine for the Covid-19 virus, but it’s been the euro which has shone the brightest as the Franco-German proposal for a common EU recovery fund gains traction.
The dollar was down on Tuesday morning in Asia after U.S. drugmaker Moderna (NASDAQ:MRNA) announced “positive” results for its potential COVID-19 vaccine on Monday. The U.S. Dollar Index that tracks the greenback against a basket of other currencies slid 0.01% to 99.672 by 12:14 AM ET (5:14 AM GMT). Meanwhile, U.S. Federal Reserve Chair Jerome Powell is scheduled to speak on the state of U.S. economic recovery from the virus on Tuesday, where he is expected to press for future fiscal support.
At 2:40 AM ET (0645 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 100.362, down 0.1%, having earlier Monday reached a three-week high. EUR/USD rose 0.1% to 1.0823.
The U.S. dollar has given back some of its overnight gains in early European trade Friday, but remains in favor as risk aversion still dominates, amid rising Sino-U.S. tensions. At 2:45 AM ET (0645 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 100.365, down 0.1%, having earlier Friday reached a three-week high. U.S. President Donald Trump ratcheted up these tensions in an interview with Fox Business Network on Thursday, stating he was disappointed with China's failure to contain the coronavirus, that this had cast a pall over the trade deal between the two countries.
The U.S. Dollar Index that tracks the greenback against a basket of other currencies slipped 0.04% to 99.725 by 11: 25 PM ET (4:25 AM GMT). The number of U.S. unemployment claims since late March soared above 30 million on Thursday, and Treasury Secretary Steve Mnuchin warned overnight that the U.S. unemployment rate could already have reached 25%.
The U.S. dollar was down on Tuesday morning in Asia, with stocks up as some countries reopened their economies the day before. The U.S. Dollar index that tracks the greenback against a basket of other currencies slipped 0.04% to 99.528 by 12:02 AM ET (5:02 AM GMT). The USD/CNY pair remained steady at 7.0622, with investors’ optimism about China’s reopening in the aftermath of the COVID-19 virus mingling with caution amid increased U.S.-China tensions over the origins of the virus.
The dollar was down on Wednesday morning in Asia with investors awaiting the results of a U.S. Federal Reserve meeting later in the day. The U.S. Dollar Index that tracks the greenback against a basket of other currencies slipped 0.15% to 99.785 by 11:14 PM ET (4:14 AM GMT), with stocks recording gains and investors retreating from the greenback, traditionally viewed as a safe haven. Investors are looking to the Fed meeting for clues on its future policy in the aftermath of the ‘unlimited quantitative easing’ unleased over the past two months to combat the economic impact of the COVID-19 pandemic.
The U.S. Dollar Indexthat tracks the greenback against a basket of other currencies gained 0.10% to 100.638 by 11:24 AM ET (4:24 AM GMT). The release of “horrible” economic data overnight caused investors to turn to the greenback, viewed as a safe haven. Meanwhile, the Financial Times said on Thursday that Gilead Sciences' (NASDAQ:GILD) antiviral drug remdesivir failed its first randomized clinical trials.
The dollar was up on Wednesday morning as investors flocked to the safe-haven greenback after a historical slide in oil prices overnight. “Oil is off its lows, but a lot of companies are going to get hit and companies could start to fail,” Shane Oliver, head of investment strategy and chief economist at AMP Capital Investors, told CNBC. The U.S. Dollar Index that tracks the greenback against a basket of other currencies gained 0.23% to 100.285 by 12:11 AM ET (5:11 AM GMT) as Asian stocks slid in response to the news.The USD/JPY pair was down 0.04% to 107.56.
The U.S. dollar was up on Monday morning in Asia as investors braced for a tough quarter ahead. The U.S. Dollar Index that tracks the greenback against a basket of other currencies gained 0.14% to 99.975 by 11:31 PM ET (4:31 AM GMT). “Hurdles facing optimists are very substantial,” warned Sean Callow, Westpac FX analyst, in a CNBC interview.
Investing.com - The U.S. dollar has pushed higher in European trade Wednesday, in a delayed reaction to chilling estimates of the Covid-19 pandemic's impact on the world economy.