US$ holds gains as investors seek safety in liquidity


Early on Thursday, the euro dipped 0.2% to $1.0924 after a 0.69% fall on Wednesday. Sterling fetched $1.2382, up 0.2%, paring about a half its prior day's losses.(A test tube labelled with the coronavirus is seen in front of U.S. dollar banknotes, in this illustration. - Reuters filepic) The Australian dollar changed hands at $0.6080, having dropped 0.99% in the previous session. The dollar also bounced back 0.3% to 107.15 yen after it touched a two-week low of 106.925 on Wednesday. (A test tube labelled with the coronavirus is seen in front of US$ banknotes, in this illustration. - Reuters filepic)

TOKYO: The dollar held gains on Thursday as investors rushed to the safety of the world's most liquid currency given the massive disruption to global trade due to the coronavirus pandemic.

The dollar index against a basket of major six currencies stood flat at 99.588 after a gain of 0.53% overnight as the U.S. currency advanced against most of its major peers.

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