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.
15 Jul 2020 04:54 PM
Indian shares pared nearly all gains on Wednesday, as Reliance Industries weighed on indexes after it failed to meet investor expectations at its annual general meeting, while a surge in IT stocks capped losses.
15 Jul 2020 03:22 PM
The Indian rupee logged its best day against the dollar in nearly two weeks
15 Jul 2020 12:23 PM
Indian shares jumped over 1.5% on Wednesday as upbeat results for IT outsourcer Wipro and signs of new foreign investment inflows countered fears about the surge in domestic coronavirus cases.
15 Jul 2020 11:15 AM
China's yuan firmed on Wednesday on dollar weakness overnight and a stronger fixing
15 Jul 2020 10:46 AM
Gold prices edged higher on Wednesday, holding firm above the psychological $1,800 level, as worries over surging coronavirus cases and simmering U.S.-China tensions boosted demand for the safe-haven metal.
15 Jul 2020 10:33 AM
The Indian rupee was at 75.3000/75.3100 to the dollar against 75.4150/75.4250 in the previous session