The dollar was down on Friday morning in Asia, ending the week by giving up some of its earlier gains.<\/p>\n\n\n\n
Investors will continue to monitor the rising number of COVID-19 cases in Beijing and the U.S., with the number of cases stemming from an outbreak at Xinfadi market almost at 200. Simmering U.S.-China tensions will be another focal point in the aftermath of U.S. President Donald Trump warning on Thursday that cutting ties with China remains a possibility.<\/p>\n\n\n\n
The U.S. Dollar Index<\/a> that tracks the greenback against a basket of other currencies slipped 0.03% to 97.373 by 12:41 AM ET (5:41 AM GMT), with the greenback trading in a tight range of between 96 and 97.<\/p>\n\n\n\n The USD\/JPY<\/a> pair was down 0.11% to 106.84.<\/p>\n\n\n\n The AUD\/USD<\/a> pair gained 0.12% to 0.6860, with the AUD buoyed after the Bureau of Statistics said earlier in the day that May\u2019s retails turnover<\/a> has surged 16.3% month-on-month.<\/p>\n\n\n\n Meanwhile, the NZD\/USD<\/a> pair lost 0.09% to 0.6421.<\/p>\n\n\n\n Some investors expressed caution over the AUD\u2019s gains however.<\/p>\n\n\n\n \u201cWe\u2019re seeing a few wobbles in commodity currencies as focus is returning to the increasing infections…[with] the key element is going to be whether or not we see governments re-impose lockdown measures,\u201d Kim Mundy, FX analyst at the Commonwealth Bank of Australia (OTC:CMWAY<\/a>), told Reuters,<\/p>\n\n\n\n \u201cWe still think the general trend of the global economy improving should weigh on the U.S. dollar and support commodity currencies, we\u2019re just seeing a bit of a pause,\u201d she added.<\/p>\n\n\n\n The USD\/CNY<\/a> pair was down 0.01% to 7.0864<\/p>\n\n\n\n The GBP\/USD<\/a> pair gained 0.03% to 1.2428, with the GBP boosted by the Bank of England\u2019s quantitative easing program announced on Thursday. But investors were concerned that the program could be insufficient to support confidence into 2021.<\/p>\n","protected":false},"excerpt":{"rendered":" The dollar was down on Friday morning in Asia, ending the week by giving up some of its earlier gains. Investors will continue to monitor the rising number of COVID-19 cases in Beijing and the U.S., with the number of cases stemming from an outbreak at Xinfadi market almost at 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-2871","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/2871","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=2871"}],"version-history":[{"count":1,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/2871\/revisions"}],"predecessor-version":[{"id":2872,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/2871\/revisions\/2872"}],"wp:attachment":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/media?parent=2871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/categories?post=2871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/tags?post=2871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}