US dollar climbs, euro slips

Business | 30 Jun 2020 4:57 pm

The US dollar held on to modest gains today as upbeat U.S. home sales and Chinese factory data left traders torn between optimism about global growth rebounding and fears a surge in new coronavirus patients could jeopardise a swift V-shaped recovery, Reuters reports.

Against a basket of currencies, the dollar index was up by 0.27 percent at 97.686 while the euro lost 0.3 percent at US$1.1209.

Over the quarter, the European currency staged a 1.7 percent comeback after falling by a similar margin during the first three months of the year marked by the coronavirus financial market crash.

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