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FOREX-Dollar weakens on improving risk sentiment, coronavirus concerns remain

Published 29/06/2020, 14:50
Updated 29/06/2020, 14:54

* Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh

(Adds details, updates prices; changes byline, dateline;
previous LONDON)
By Karen Brettell
NEW YORK, June 29 (Reuters) - The dollar fell on Monday as
stocks opened higher, indicating improving risk sentiment
despite a rise in coronavirus cases.
Wall Street's gain came after a sharp drop on Friday. .N
“It's a weak start for the U.S. currency, I think it's
mostly risk on,” said Joe Manimbo, senior market analyst at
Western Union Business Solutions in Washington.
Investors have been weighing better economic data against a
new uptick in COVID-19 infections.
The global death toll from the virus reached half a million
on Sunday, according to a Reuters tally. Cases surged in
Southern and Western U.S. states, prompting California to order
some bars to close in a rollback of efforts to reopen the
economy. The next major U.S. economic focus will be Thursday's jobs
report for June.
U.S. employers are expected to have added 3 million jobs
during the month, according to the median estimate of economists
polled by Reuters. Projections vary widely between economists,
however, from as few as 405,000 jobs to as many as 9 million.
The dollar index =USD was last down 0.21% at 97.27.
The greenback may get some boost from quarter-end demand
later on Monday or on Tuesday, after underperforming this
quarter, analysts said.

The euro EUR= gained 0.47% to $1.1270.
The dollar gained 0.21% against the Japanese yen JPY= to
107.44 yen.
Sterling weakened to a one-month low against the greenback
on concerns about how Britain's government will pay for its
planned infrastructure program.
There are also doubts about whether Britain will seal a
trade pact with the European Union as little progress has been
made in agreeing Britain's future relationship with the bloc,
which it exited on Jan. 31. The pound GBP= was last down 0.26% at $1.2301.

========================================================
Currency bid prices at 9:33AM (1333 GMT)
Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid
Previous Change
Session
Euro/Dollar EUR= $1.1270 $1.1217 +0.47% +0.54% +1.1288 +1.1218
Dollar/Yen JPY= 107.4400 107.2100 +0.21% -1.30% +107.4600 +107.0500
Euro/Yen EURJPY= 121.10 120.27 +0.69% -0.70% +121.1800 +120.1800
Dollar/Swiss CHF= 0.9465 0.9479 -0.15% -2.20% +0.9481 +0.9442
Sterling/Dollar GBP= 1.2301 1.2333 -0.26% -7.23% +1.2389 +1.2301
Dollar/Canadian CAD= 1.3673 1.3688 -0.11% +5.29% +1.3697 +1.3646
Australian/Doll AUD= 0.6856 0.6860 -0.06% -2.35% +0.6890 +0.6844
ar
Euro/Swiss EURCHF= 1.0670 1.0634 +0.34% -1.68% +1.0674 +1.0636
Euro/Sterling EURGBP= 0.9160 0.9093 +0.74% +8.35% +0.9171 +0.9085
NZ NZD= 0.6416 0.6423 -0.11% -4.75% +0.6442 +0.6408
Dollar/Dollar
Dollar/Norway NOK= 9.6737 9.6625 +0.12% +10.20% +9.7315 +9.6492
Euro/Norway EURNOK= 10.9045 10.9059 -0.01% +10.84% +10.9309 +10.8540
Dollar/Sweden SEK= 9.2873 9.3297 -0.02% -0.64% +9.3527 +9.2752
Euro/Sweden EURSEK= 10.4728 10.4753 -0.02% +0.03% +10.5105 +10.4540

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