U.S. dollar slips amid coronavirus uncertainty

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NEW YORK, July 22 (Xinhua) -- The U.S. dollar fell in late trading on Wednesday as market participants weighed the impact from a continued surge in coronavirus infections in the country.

The dollar index, which measures the greenback against six major peers, was down 0.14 percent at 94.9861.

 

In late New York trading, the euro increased to 1.1569 U.S. dollars from 1.1530 dollars in the previous session, and the British pound was down to 1.2739 dollars from 1.2755 U.S. dollars in the previous session. The Australian dollar was down to 0.7141 U.S. dollar from 0.7145 dollar.

The U.S. dollar bought 107.23 Japanese yen, higher than 106.78 Japanese yen of the previous session. The U.S. dollar decreased to 0.9297 Swiss franc from 0.9327 Swiss franc, and it decreased to 1.3414 Canadian dollars from 1.3438 Canadian dollars.

 

U.S. President Donald Trump resumed his press briefing on the coronavirus pandemic on Tuesday, admitting that the situation in the country will get worse before it gets better.

"The crisis is far from over in the U.S. and will leave clear traces in the economy," Antje Praefcke, analyst at Commerzbank Research, said in a note Wednesday.

More than 3.9 million confirmed COVID-19 cases have been reported in the United States, with over 142,000 deaths, as of Wednesday afternoon, according to a tally by Johns Hopkins University.

 

https://www.thestar.com.my/new...

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