empty
 
 
11.06.2020 02:55 PM
USD rises on fears over COVID-19 second wave

This image is no longer relevant

Although the restrictive measures introduced to contain the coronavirus spread are being lifted in the US and other countries worldwide, the infection rate has recently risen again. In just 24 hours, 2, 504 new cases of infection have been reported. It is the highest rate since the beginning of the pandemic. The total number of people suffering from COVID-19 in the United States has reached 2 million.

Nevertheless, the euro fell against the US dollar by 0.19% to $1.1352.

The American currency dropped against the yen by 0.03% to 107.10 compared to 107.12 in the previous session.

The pound retreated against the US dollar by 0.6% to $1.2682, while the Australian dollar fell by almost 1% to $0.6928.

The US dollar was up by 0.44% against other currencies during the trade on Thursday, according to the ICE index, which tracks the dynamics of the US dollar. However, the market situation is extremely unstable and uncertain due to the coronavirus outbreak. Therefore, the Fed announced that the interest rate will remain unchanged at the current level of 0-0.25% until the end of 2022.

Kate Smirnova,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback