U.S. dollar gains amid COVID-19 crisis

Sun, 31 May 2020

U.S. dollar gains amid COVID-19 crisis

Xinhua
23 May 2020, 05:44 GMT+10

NEW YORK, May 22 (Xinhua) -- The U.S. dollar climbed in late trading on Friday as market participants continued to grapple with uncertainties over the COVID-19 pandemic, boosting appetite for the safe-haven currency.

The dollar index, which measures the greenback against six major peers, was up 0.43 percent at 99.7920.

In late New York trading, the euro fell to 1.0897 U.S. dollars from 1.0955 dollars in the previous session, and the British pound fell to 1.2174 dollars from 1.2235 U.S. dollars in the previous session. The Australian dollar decreased to 0.6533 U.S. dollar from 0.6564 dollar.

The U.S. dollar bought 107.58 Japanese yen, unchanged from the previous session. The U.S. dollar rose to 0.9725 Swiss franc from 0.9701 Swiss franc, and it was up to 1.3995 Canadian dollars from 1.3947 Canadian dollars.

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