US dollar under pressure, Aussie touches new high

The dollar US slipped today as investors looked past unrest in the United States to the global economic recovery from the coronavirus and hoped for an easing in Sino-U.S. tensions.

Against a basket of currencies the dollar had its worst month this year in May and was under pressure on Monday, dipping by a fraction to 98.166.

The risk-sensitive Australian dollar shrugged off early pressure and gained by 0.4 percent to hit a three-month high of US$0.6703. The euro was firm and sterling tested a three-week high. The kiwi and the oil sensitive Canadian dollar and Norwegian krone all gained by about 0.3 percent, even as oil prices eased.