The safe-haven Japanese yen and Swiss franc gained on the dollar on Tuesday, as investors tempered hopes for the impact of global monetary easing with concern about how much it can do to combat the economic damage from the coronavirus outbreak.
Global stocks and oil rallied on Tuesday, and safe havens -- gold, the yen, and the franc -- were standouts as risk appetite grew in anticipation of stimulus from central banks.
The dollar fell as much 0.5% to 107.67 yen and to 0.9573 francs citing an unnamed G7 official, that the G7 draft statement had no fresh fiscal or monetary pledges.
14 Jul 2020 09:16 AM
The dollar was marginally higher in narrow ranges against most currencies on Tuesday
14 Jul 2020 08:47 AM
The Indian rupee is expected to drop against the dollar tracking losses in regional equities
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