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Demand remains stable for the US dollar – 26-06-2020

News Date: 26/6/2020 06:34:32
 

The US dollar concluded its research for the week, sticking to its gains, which means that the demand remains on the latter, and this is due to it being a safe haven in light of fears and concerns about a second wave of the Corona virus.

The dollar index, which tracks the performance of the greenback versus a basket of six major currencies, stabilized at 97.360, after recovering from a large loss it had suffered this week.

 

The US dollar index settled against the euro at 1,1223 dollars, with the euro falling, and against the Japanese yen it settled at 107.09 Japanese yen, after forming 0.5%. The American pair fell against the British pound by 0.0096%, to settle at 1.22422 dollars, and against the Australian dollar at 0.6442 dollars, with a change of -0.003.

 

US stock indexes closed higher, the Dow Jones Industrial Average rose 1.17% to 25,744.71 points, while the Standard & Poor’s index scored 3083.67 points, after rising by 1.09%, and the Nasdaq indexes equivalent to 1, 90% to 10017 points.

Japanese stock indices also recovered, as the Nikkei rose 1.1% to 22512.08 points, while the Topix index rose to 1577.37 points.

 

Oil prices rose yesterday by 2%, supported by the US economy data, Brent crude increased by 1.8% to settle at 41.05 dollars a barrel, while the American crude closed West Texas crude, up by 1.9%, thanks to its price up to 38.72 Dollars.

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