The dollar is falling before the release of the unemployment benefit report

0
25


The dollar fell against the yen and the euro on Thursday ahead of US data due to be released later today and is expected to show a rise in jobless claims as companies lay off workers due to the rapid spread of the Corona virus.

The pound continued to decline against the euro and the dollar due to fears that Britain is not prepared for an increasing number of cases of Coronavirus, and while health care systems in Italy and Spain are already facing more than their capacity.

The Australian and New Zealand dollars, which are closely related to the global commodity trade, fell against the US dollar as traders were reluctant to take big risks.

Investors welcomed the passage of a $ 2 trillion US stimulus package to mitigate the economic impact of the Coronavirus epidemic, but there are already indications that some US states will need more funds for medical supplies as the health-care system struggles to cope with the disease.

The dollar fell 0.46 percent to 110.71 yen in Asia today.

Against the Swiss franc, the dollar fell 0.3 percent to 0.9743.

Sterling fell 0.17 percent to 1.1853 dollars and fell 0.47 percent to 92.05 pence for the euro.

Sterling losses accelerated in early Asian trade after the British government said the number of cases of Coronavirus in the United Kingdom rose to 9,529 Wednesday from 8,077 the day before.

It is expected that the US jobless claims will be issued later in the day to about one million, which will be more than the previous peak recorded during the global financial crisis.

My friend Cancer, I beat you 4 times and gave birth to 5 children



LEAVE A REPLY

Please enter your comment!
Please enter your name here