US dollar edges down amid coronavirus uncertainty


New York, Jul 4 (IANS): The US dollar declined modestly 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 per cent at 97.1762.

In late New York trading on Friday, the euro was up to $1.1244 from $1.1234 in the previous session, and the British pound increased to $1.2476 from $1.2463 in the previous session. The Australian dollar increased to $0.6942 from $0.6922, Xinhua reported.

The US dollar bought 107.47 Japanese yen, lower than 107.55 Japanese yen of the previous session. The US 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 US, causing some states to suspend their easing measures.

More than 2.77 million confirmed COVID-19 cases have been reported in the US, 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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Comment on this article

  • John, Mangalore

    Sat, Jul 04 2020

    This financial downturn,
    Is what these communists want in most of the countries so communist Chinese could lend, influence and gain control to bring their godless rule everywhere. Same reason they have brought this cunning evil virus. Already smaller nations they are lending to build their infrastructure and surrounding and started harassing bigger nations and choke their economy like serpent or python. That's why it is called Dragon. Moreover bloody incursions also. Unfortunately those inside US left leaning democrats support these ruthless communist using race / religion card, riots, anarchy to sell the country to communists and to bring their own downfall.

    DisAgree [2] Agree [7] Reply Report Abuse

  • Nice, Mangalore

    Sat, Jul 04 2020

    .

    Our Policies in action Indian Rupee is gaining

    .

    DisAgree [7] Agree [2] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Sat, Jul 04 2020

    Andh Bhakts have gone on Vacation ...

    DisAgree [6] Agree [20] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Sat, Jul 04 2020

    We hopes no one comes forward to take Credit ...

    DisAgree [6] Agree [16] Reply Report Abuse

  • Krishna, Udupi

    Sat, Jul 04 2020

    spokesperson of Congress will support him

    DisAgree [16] Agree [5] Reply Report Abuse

  • Krishna, Udupi

    Sat, Jul 04 2020

    people will read this and feel

    DisAgree [12] Agree [5] Reply Report Abuse


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