Breaking News
Investing Pro 0
NEW! Get Actionable Insights with InvestingPro+ Try 7 Days Free

Dollar Retreats Over Renewed Hopes for COVID-19 Vaccine

Forex Jul 20, 2020 10:18PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.
 
GBP/USD
+0.89%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
USD/JPY
+0.04%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
AUD/USD
+0.80%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
NZD/USD
+1.14%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
USD/CNY
0.00%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
DX
-0.24%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

By Gina Lee

Investing.com – The dollar was down on Tuesday morning in Asia, with investors retreating from the safe-haven asset over fresh hopes of a COVID-19 vaccine.

Oxford University said on Monday that early-stage human trials for its candidate ChAdOx1 nCoV-19, which it is developing with AstraZeneca (NYSE:AZN), showed positive results. Two other potential candidates also reported positive results on the same day, including one being developed by CanSino Biologics alongside China’s military research unit.

Meanwhile, European Union leaders are a step closer in reaching a consensus for its proposed stimulus plan at the EU Summit, even as negotiations were extended beyond a fourth day.

“The agreement in Europe on the economic recovery fund underwrites growth there and improves the global economic outlook,” Commonwealth Bank of Australia (OTC:CMWAY) FX analyst Joe Capurso told Reuters.

The U.S. Dollar Index that tracks the greenback against a basket of other currencies fell 0.16% to 95.623 by 10:09 AM ET (3:09 AM GMT). The USD/JPY pair was down % to 107.16.

The AUD/USD pair gained 0.21% to 0.7028. The Reserve Bank of Australia will release minutes from its June meeting later in the day, and Governor Philip Lowe will also give a speech.

The NZD/USD pair was up 0.05% to 0.6577 and the USD/CNY pair gained 0.05% to 6.9867.

The GBP/USD pair gained 0.14% to 1.2677. The GBP held its overnight gains over the progress made at the EU Summit, with investor sentiment further boosted over fresh Brexit negotiations between the EU and the U.K. slated to begin later in the day.

Dollar Retreats Over Renewed Hopes for COVID-19 Vaccine
 

Related Articles

Asia FX Weakens as Dollar Steadies From Recent Losses
Asia FX Weakens as Dollar Steadies From Recent Losses By Investing.com - Oct 02, 2022

By Ambar Warrick Investing.com-- Most Asian currencies crept lower on Monday as concerns over worsening global economic growth kept the dollar close to a 20-year peak, while...

Swiss franc not highly valued - SNB's Jordan
Swiss franc not highly valued - SNB's Jordan By Reuters - Sep 30, 2022 3

ZURICH (Reuters) - The Swiss franc is not highly valued despite its nominal rise, Swiss National Bank Chairman Thomas Jordan told a Swiss newspaper, adding the central bank...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (2)
Miguel Garcia
Miguel Garcia Jul 23, 2020 12:51AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
What the.....? What kind of news are this?
Andrea Previtera
Andrea Previtera Jul 20, 2020 10:37PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Didn't it retreat on fears of growing pandemic just two days ago? 🙄
Sam Zuby
Sam Zuby Jul 20, 2020 10:37PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
yeh ****
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email