NY market: Dollar flats at lows for the first time in 3 weeks Yen falls

In the late New York foreign exchange market, the dollar index was almost unchanged at the lowest price in three months. Optimistic views on additional economic measures for the new coronavirus have spread.

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In the late New York foreign exchange market, the dollar index was almost unchanged at the lowest price in three months. Optimistic views on additional economic measures for the new coronavirus have spread.

On the 11th, the Trump administration has asked Congress to pass a small-scale corona economic measure that utilizes the remaining funds of the already expired support measures for small and medium-sized enterprises following a deadlock in talks over a comprehensive corona economic measure bill. I asked.

The White House spokesman Kayleigh McEnany said yesterday that the Senate Republican Party intends to support the economic measures demanded by President Trump.

“The dollar remains down in anticipation of some stimulus coming out of Washington sooner or later,” said Joe Manimbo, senior market analyst at Western Union Business Solutions. “Looking at election trends, polls are less worried about the consequences of a close battle, making them more risk-positive, or negative for the dollar,” he said.

Democratic presidential candidate Joe Biden holds a big lead nationwide in polls, but leads in some states that are likely to influence election results are shrinking.

Offshore RMB CNHUSD = R fell 0.76% against the dollar. The People’s Bank of China (Central Bank) announced that it will abolish the legal reserve for forward transactions in the foreign exchange market from the 12th.

The offshore yuan hit a high for the first time in more than a year and five months on the 9th. It has risen about 8% against the dollar since late May. However, this day is the rate of decline against the dollar since March.

Albin Tan, head of Asian currencies at RBC, said the People’s Bank’s measures would make it easier to short-circuit the yuan as it eliminates the need for reserves.

As a result, the Australian dollar, which is sensitive to the original movement, also fell by about 0.4%.

The dollar index = USD is down 0.059%.

Euro EUR = EBS fell 0.18% to $ 1.18105. The World Health Organization (WHO) is calling on Europe to strengthen measures against the new corona infection.

The yen was 105.36 yen, down 0.24% against the dollar JPY = EBS . The Bank of Japan’s governor, Haruhiko Kuroda, said on the 12th that the measures to mitigate the economic damage caused by the pandemic of the new coronavirus have not been exhausted and that he is ready to take additional monetary easing measures. did.

The pound sterling GBP = D3 is slightly above $ 1.30. British Prime Minister Johnson announced on the 12th that he will introduce additional gradual restrictions such as closing pubs in some areas as the infection with the new coronavirus spreads again.

Dollar / Yen NY Closing Price 105.30 / 105.33

Open price 105.5

High price 105.51

Low price 105.25

Euro / Dollar NY Closing Price 1.1813 / 1.1815

Open price 1.1796

High price 1.1817

Low price 1.1787

* I made up for the omission.

Source Reuters

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