Dollar on defensive as upbeat data dulls safe-haven appeal – ZAWYA

Dollar on defensive as upbeat data dulls safe-haven appeal – ZAWYA

Dollar on defensive as upbeat data dulls safe-haven appeal | ZAWYA MENA Edition HomeMarketsCurrenciesArticleDollar on defensive as upbeat data dulls safe-haven appeal Against the yen, the dollar traded at 107.45 yen, having fallen 0.4% the previous day    An employee counts U.S. dollar bills at a money exchange office in central Cairo, Egypt, March 20, 2019. Image for illustrative purposes.TOKYO: The dollar was on the defensive against more growth-sensitive currencies on Thursday, following upbeat U.S. and European economic data but renewed worries about the coronavirus blunted more aggressive risk taking.The market sentiment gained an additional boost from the news that a COVID-19 vaccine developed by German biotech firm BioNTech and U.S. pharmaceutical giant Pfizer has shown potential and was found to be well tolerated in early-stage human trials. Sterling traded at $1.2477, flat in early Thursday trade but having gained 1.1% so far this week. The Australian dollar fetched $0.6919, having gained 0.7% on the week.The market sentiment gained an additional boost from the news that a COVID-19 vaccine developed by German biotech firm BioNTech and U.S. pharmaceutical giant Pfizer has shown potential and was found to be well tolerated in early-stage human trials. TOKYO: The dollar was on the defensive against