Dollar steadies near multi-week lows, yuan shines again – ZAWYA

Dollar steadies near multi-week lows, yuan shines again – ZAWYA

Dollar steadies near multi-week lows, yuan shines again | ZAWYA MENA Edition HomeMarketsCurrenciesArticleDollar steadies near multi-week lows, yuan shines again Coronavirus remains a risk to markets    A U.S. Dollar note is seen in this June 22, 2017 illustration photo.TOKYO: The dollar nursed losses against most currencies on Thursday as a rally in riskier assets such as global equities and commodities put a dent in safe-haven demand for the U.S. currency.China's yuan rose to a four-month high against the greenback, extending recent gains as investors of all stripes increase positions in Chinese stocks due to growing optimism about the world's second-largest economy.Lingering worries about the spread of the coronavirus and a light calendar in Asia could keep some currency pairs in a tight range, but the dollar's losses are gradually increasing as sentiment favours riskier bets on long-term economic growth.China's yuan rose to a four-month high against the greenback, extending recent gains as investors of all stripes increase positions in Chinese stocks due to growing optimism about the world's second-largest economy.TOKYO: The dollar nursed losses against most currencies on Thursday as a rally in riskier assets such as global equities and commodities put a dent in safe-haven demand for the