The safe-haven Japanese yen held largely firm on Tuesday, while risk-sensitive currencies struggled to stay afloat as coordinated moves by central banks failed to quell investor trepidation over the spreading coronovirus pandemic.
Global risk assets were routed over the past several days,with turmoil engulfing many markets on worries the outbreak and draconian containment measures could trigger steep recessions in major economies.
As a result, trading in most markets including foreign exchange is driven more by loss-reduction and other position unwinding to reduce risks or make up for losses, rather than fresh bids.
The dollar traded at 106.33 yen bouncing back from Monday's low of 105.15, but still down 1.6% so far this week, The euro last stood at $1.1176 little changed after wild gyrations on Monday.
13 Jul 2020 04:57 PM
Indian shares ended higher on Monday, led by a rally in Reliance Industries, ahead of June's inflation data which investors bet would lead to further interest rate cuts by the central bank.
13 Jul 2020 02:43 PM
The Indian rupee was little changed against the greenback, amid focus on decline in the dollar index
13 Jul 2020 11:45 AM
Indian shares climbed on Monday, as investors bet June inflation data later in the day would lead to further interest rate cuts by the country's central bank, while Reliance Industries gained for a third session.
13 Jul 2020 11:15 AM
The yuan hovered around the key 7 per dollar threshold on Monday, ahead of economic data this week
13 Jul 2020 10:45 AM
Gold prices rose on Monday, holding ground above the key $1,800/oz level, as a weaker dollar and worries over surging COVID-19 cases around the globe kept the safe-haven metal underpinned.
13 Jul 2020 10:31 AM
The Indian rupee was at 75.1275/75.1375 to the dollar against 75.2000/75.2100 in the previous session