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US dollar gains amid coronavirus worries
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IANS | 08 Jul, 2020
The US dollar strengthened as traders sought safe haven amid concerns
over soaring coronavirus infections. The dollar index, which measures
the greenback against six major peers, was up 0.15 per cent at 96.8744.
In
late New York trading on Tuesday, the euro decreased to $1.1285 from
$1.1314 in the previous session, and the British pound rose to $1.2556
from $1.2498 in the previous session. The Australian dollar fell to
$0.6958 from $0.6975, Xinhua reported.
The US dollar bought
107.51 Japanese yen, higher than 107.28 Japanese yen of the previous
session. The US dollar rose to 0.9420 Swiss franc from 0.9413 Swiss
franc, and it rose to 1.3593 Canadian dollars from 1.3541 Canadian
dollars.
The US currency, viewed as a safe haven, gained as
investors grew nervous of surging coronavirus cases and lockdown in some
countries, experts noted.
"We remain of the view that the
effects of the crisis will put pressure on the economy for some time to
come and that following the initial countermove further progress will be
slow," Antje Praefcke, analyst at Commerzbank Research, said in a note
on Tuesday.
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
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66.20
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64.50 |
UK Pound
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87.50
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84.65 |
Euro
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78.25
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75.65 |
| Japanese
Yen |
58.85 |
56.85 |
| As on 16 Aug, 2020 |
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