The dollar fell further on Thursday ahead of key U.S. data that is expected to show a surge in unemployment benefit claims as companies lay off workers due to the rapid spread of the coronavirus.
Investors welcomed the passage of a $2 trillion U.S. stimulus package to offset the economic impact of the COVID-19 pandemic, but there are already indications that some American states will need more money for medical supplies.
Economists polled expect U.S. jobless claims to have risen by 1 million in the week to March 21 - an indicator of much the spread of the virus has affected the world's largest economy.
The dollar shed 0.6% of its value against the euro to tradeat $1.0947 having earlier touched a one-week low of $1.0951. It also lost 1.1% of its value versus the safe-haven Japanese yen and was last exchanging hands for 109.99 yen.
03 Jun 2020 02:34 PM
The Indian rupee fell for the first time in four sessions against the U.S. currency, as consistent dollar demand from state-run banks
03 Jun 2020 11:45 AM
Indian shares extended gains for a sixth session and the Nifty crossed the 10,000 mark for the first time since March 13, as Asia's third-largest economy gradually comes out of COVID-19 lockdowns and risk appetite picks up in global markets.
03 Jun 2020 11:16 AM
The yuan took a breather on Wednesday after strengthening against the dollar for four straight days
03 Jun 2020 10:45 AM
Gold traded steady on Wednesday after snapping a three-session winning streak in the previous day, as a rally in equity markets on hopes of more stimulus offset some support from a weaker dollar.
03 Jun 2020 10:32 AM
Indian rupee hit the highest level in five weeks and was at 75.23/75.24 to the dollar against 75.3625/75.3725 in the previous session
03 Jun 2020 09:45 AM
Oil rose on Wednesday to a near three-month high amid optimism that major producers will extend production cuts as the world recovers from the coronavirus pandemic.