The dollar slowed its descent after a week of declines and the safe-haven yen edged ahead on Monday, as coronavirus lockdowns tightened across the world and investors braced for a prolonged period of uncertainty.
“After all, the dollar is a safe-haven currency,” said Rodrigo Catril, senior FX strategist at National Australia Bank in Sydney. “It’s reflecting caution, and an uncertain market where you’re seeing a lot of illiquidity.”
President Donald Trump, who had talked about reopening the economy for Easter, on Sunday extended guidelines for social restrictions to April 30 and said the peak of the death rate could be two weeks away.The halt in the dollar's slide came with a broader risk-averse mood, which lifted the Japanese yenThe moves come after the dollar has surged amid a scramble for cash and then subsided as central bank launched unprecedented liquidity measures.
“Risk aversion has been more important to the direction of the dollar than traditional interest rate differentials,” Standard Chartered analysts said in note. Monday’s moves showed some hints of that, since dollar gains were modest and in tandem with rises in gold, bonds and the yen.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
LaVar Ball Says Big Baller Brand Is A Billion Dollar CompanyLaVar Ball told 'Pardon My Take' the Big Baller Brand is a BILLION dollar company. Yes, with a B.
Leer más »
Recalled Peace Corps Volunteers Are Thrown Into A Terrifying New RealityThe 7,300 volunteers face lost stipends, housing and health benefits amid a pandemic and economic crisis.
Leer más »
Trump declares a major disaster in Michigan in response to coronavirus pandemicPresident Trump has approved a major disaster declaration for Michigan amid the coronavirus pandemic.
Leer más »
How Miranda Lambert Is Dealing With Her Anxiety Amid COVID-19Miranda Lambert shares how she's dealing with her anxiety amid the ongoing Coronavirus pandemic.
Leer más »
How Artists Can Stay Afloat Amid the Coronavirus CrisisFrom live streaming to merch, here are ways artists can stay afloat throughout the coronavirus crisis
Leer más »
Two Best Friends and the Global Treasure Hunt for Coronavirus Supplies“People will pay anything”: Two best friends team up in the global treasure hunt for coronavirus gear
Leer más »