The dollar nursed broad losses on Thursday and riskier currencies held gains as investors looked to a bright recovery from the COVID-19 pandemic, shrugging off diabolical forecasts and rising Sino-U.S. tension.
FILE PHOTO: U.S. dollars and other world currencies lie in a charity receptacle at Pearson international airport in Toronto, Ontario, Canada June 13, 2018. REUTERS/Chris Helgren
Both the Aussie and the kiwi were lower in morning trade, but moves were slight as markets await a speech from Australia’s central bank chief at 0230 GMT and purchasing manager surveys in Britain, Europe and the United States later on. “Almost everywhere, policy makers are continuing to stress that whatever resources are required will be made available,” ANZ analysts said in a note on Thursday.
The yuan was steady at 7.1067 in offshore trade, even as diplomatic tensions between China and Australia simmered and after the United States took fresh aim at Beijing’s handling of the coronavirus on Wednesday.
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