The dollar was down on Monday morning in Asia, giving up some of its gains from earlier in the session.<\/p>\n\n\n\n
The gains came after some countries\u2019 plans to lift lockdowns curbing the spread of the COVID-19 pandemic boosted investor sentiment. California, Michigan, and Ohio, three important states for U.S. manufacturing, took steps to allow factories and some businesses to resume work.<\/p>\n\n\n\n
The U.S. Dollar Index<\/a> that tracks the greenback against a basket of other currencies slipped 0.04% to 99.725 by 11: 25 PM ET (4:25 AM GMT).<\/p>\n\n\n\n The number of U.S. unemployment claims since late March soared above 30 million on Thursday, and Treasury Secretary Steve Mnuchin warned overnight that the U.S. unemployment rate could already have reached 25%.<\/p>\n\n\n\n \u201cThe bad news about the U.S. labor market was pretty much as expected, and people now assume that economic activity will restart sooner rather than later in the United States and Europe,\u201d Tohru Sasaki, head of Japan markets research at J.P. Morgan Securities, told CNBC.<\/p>\n\n\n\n \u201cWe don\u2019t have to be so bearish on the dollar.\u201d<\/p>\n\n\n\n The USD\/JPY<\/a> pair gained 0.16 % to 106.82 after Japan announced a second budget to ease COVID-19’s economic impact, including aid for companies struggling to pay rent and more subsidies for those hit by slowing sales.<\/p>\n\n\n\n The country also plans to remove 34 prefectures that reported no new cases from the state of emergency designation on May 14.<\/p>\n\n\n\n The AUD\/USD<\/a> pair gained 0.38% to 0.6553 while the NZD\/USD<\/a> pair was up 0.15% to 0.6142.<\/p>\n\n\n\n The USD\/CNY<\/a> pair gained 0.07% to 7.0781.<\/p>\n\n\n\n The GBP\/USD<\/a> pair was up 0.15% to 1.2426 after Prime Minister Boris Johnson outlined the U.K.\u2019s plans to slow lift COVID-19 lockdown measures on Sunday. <\/p>\n","protected":false},"excerpt":{"rendered":" The dollar was down on Monday morning in Asia, giving up some of its gains from earlier in the session. The gains came after some countries\u2019 plans to lift lockdowns curbing the spread of the COVID-19 pandemic boosted investor sentiment. California, Michigan, and Ohio, three important states for U.S. manufacturing, took steps to allow Read more<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2411","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/2411","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/comments?post=2411"}],"version-history":[{"count":1,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/2411\/revisions"}],"predecessor-version":[{"id":2412,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/2411\/revisions\/2412"}],"wp:attachment":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/media?parent=2411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/categories?post=2411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/tags?post=2411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}