The dollar slipped on Monday as investors looked past unrest in the United States to the global economic recovery from the coronavirus and hoped for an easing in Sino-U.S. tensions.
Data on Sunday painted a mixed picture of China's recovery, with momentum gaining in the construction and services sector even as factory activity growth slowed a touch.
Against a basket of currencies, the dollar had its worst month this year in May and was under pressure on Monday, dipping by a fraction to 98.166.
Stocks dipped on unrest rippling across the country. But currencies seemed to carry over the tone from last week, which ended with relief that U.S. President Donald Trump made no move to junk the Phase 1 with China.
Relations between Beijing and Washington have nosedived through the COVID-19 pandemic, but investors were relieved that Trump's move did not - so far - escalate tension over Hong Kong into a broader trade dispute
10 Jul 2020 04:28 PM
Indian shares closed lower on Friday as record daily increases of domestic coronavirus cases threatened to disrupt an economic recovery, with financial stocks taking the brunt of the losses.
10 Jul 2020 02:34 PM
The Indian rupee logged its worst week against the dollar in 14 weeks
10 Jul 2020 02:07 PM
Sterling traded slightly lower versus the U.S. dollar and was unmoved against the euro on Friday
10 Jul 2020 11:51 AM
Indian shares fell on Friday as a relentless surge in domestic coronavirus cases threatened to disrupt an economic recovery, although gains in pharmaceuticals and heavyweight Reliance Industries helped limit losses.
10 Jul 2020 11:15 AM
The yuan pulled back from a four-month high against the dollar on Friday as China's stock market rally ran out of steam
10 Jul 2020 10:49 AM
Gold was set for a fifth straight weekly gain on Friday as worries over a spike in U.S. coronavirus cases kept the safe-haven metal near the technical $1,800-per-ounce threshold.