* Graphic: World FX rates in 2020 https://tmsnrt.rs/2RBWI5E
(Adds details, updates prices; changes byline, dateline;
previous LONDON)
By Karen Brettell
NEW YORK, June 25 (Reuters) - The U.S. dollar rose on
Thursday on safety buying as fears grew over a rapid rise in
coronavirus infections in some U.S. states and as trade
tensions between the United States and the European Union
increased.
The governors of New York, New Jersey and Connecticut on
Wednesday ordered travelers from eight other U.S. states to be
quarantined for two weeks on arrival, as COVID-19 infections
surged in regions spared the brunt of the initial outbreak.
“It's really fast accelerating in a lot of U.S. states,
which is going to continue to be a problem for markets,” said
Erik Nelson, a macro strategist at Wells Fargo in New York.
Data on Thursday showed weak demand is forcing U.S.
employers to lay off workers, keeping new applications for
unemployment benefits extraordinarily high, even as businesses
have reopened. New orders for U.S.-made capital goods rebounded more than
expected in May, but recouped only a portion of the prior two
months' declines. Forex markets have been closely following moves in equities
as risk sentiment changes. Stocks opened lower on Thursday
following their worst day in two weeks. .N
The U.S. dollar index =USD was last up 0.17% on the day at
97.40.
A dispute between the United States and the European Union,
in which Washington is flagging possible changes in tariffs on
EU goods, also hurt risk sentiment. The euro was weighed down as riskier assets in the region,
including Italian bonds, weakened, and as the European Central
Bank fought back against a German court challenge to its
money-printing plans. "There's a little bit of unease going on in the European
financial markets, which is probably weighing on the euro," said
Nelson.
The ECB also said it will offer euro loans against
collateral to central banks outside the euro area to backstop
funding markets amid the coronavirus pandemic. The euro EUR was last down 0.31% at $1.1215.
The dollar gained 0.17% against the Japanese yen JPY= to
107.2 yen.
The Canadian dollar was little changed on the day after
weakening on Wednesday, when Fitch Ratings cut the country from
AAA, warning of a ballooning government deficit caused by public
spending related to the pandemic. The loonie CAD= last traded at $1.3638.
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Currency bid prices at 10:03AM (1403 GMT)
Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid
Previous Change
Session
Euro/Dollar EUR= $1.1215 $1.1250 -0.31% +0.04% +1.1260 +1.1191
Dollar/Yen JPY= 107.2000 107.0200 +0.17% -1.52% +107.4500 +107.0000
Euro/Yen EURJPY= 120.23 120.42 -0.16% -1.40% +120.6200 +120.1500
Dollar/Swiss CHF= 0.9487 0.9477 +0.11% -1.97% +0.9507 +0.9475
Sterling/Dollar GBP= 1.2415 1.2418 -0.02% -6.37% +1.2464 +1.2390
Dollar/Canadian CAD= 1.3638 1.3637 +0.01% +5.02% +1.3666 +1.3607
Australian/Doll AUD= 0.6874 0.6872 +0.03% -2.09% +0.6889 +0.6848
ar
Euro/Swiss EURCHF= 1.0642 1.0664 -0.21% -1.94% +1.0676 +1.0636
Euro/Sterling EURGBP= 0.9033 0.9059 -0.29% +6.85% +0.9066 +0.9002
NZ NZD= 0.6428 0.6408 +0.31% -4.57% +0.6442 +0.6400
Dollar/Dollar
Dollar/Norway NOK= 9.6836 9.6627 +0.22% +10.31% +9.7374 +9.6445
Euro/Norway EURNOK= 10.8640 10.8830 -0.17% +10.43% +10.9360 +10.8329
Dollar/Sweden SEK= 9.3298 9.3473 -0.68% -0.19% +9.3826 +9.3235
Euro/Sweden EURSEK= 10.4648 10.5366 -0.68% -0.04% +10.5525 +10.4626