Dollar extends losses with focus on U.S. coronavirus cases – ZAWYA

SourceZawya
SectorEconomy
CountryEgypt

Dollar extends losses with focus on U.S. coronavirus cases | ZAWYA MENA Edition HomeMarketsCurrenciesArticleDollar extends losses with focus on U.S. coronavirus cases Against a basket of currencies the greenback retreated from a one-week high hit on Friday and dipped 0.2% to 97.303    An employee counts U.S. dollar bills at a money exchange office in central Cairo, Egypt, March 20, 2019. Image for illustrative purposes.LONDON- 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. “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.LONDON- The dollar fell on Monday as stocks opened higher, indicating improving...read more...

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