* Yen, Swiss franc rise on U.S. greenback profit-taking * New Zealand greenback rises to close 4-month excessive * Concentrate on U.S. Fed assembly
* Yen, Swiss franc rise on U.S. greenback profit-taking * New Zealand greenback rises to close 4-month excessive * Concentrate on U.S. Fed assembly, yield curve management this week * Graphic: World FX charges in 2019 http://tmsnrt.rs/2egbfVh (Recasts, provides new remark, FX desk, updates costs, modifications byline, dateline; earlier LONDON) By Gertrude Chavez-Dreyfuss NEW YORK, June 8 (Reuters) – The U.S. greenback edged larger, whereas commodity currencies gained on Monday, as danger urge for food ramped up on optimism about some restoration from the coronavirus pandemic amid a blockbuster U.S. jobs report final Friday. The safe-haven Japanese yen, in the meantime, rose towards the greenback, reversing its downtrend within the midst of broad risk-taking the final a number of days. Analysts stated latest greenback shopping for towards the yen, prompted profit-taking within the dollar. “There was this unwinding of negativity for the reason that final week of Might, significantly damaging U.S.-China bets, stated Erik Bregar, head of FX technique, at Alternate Financial institution of Canada in Toronto. “There have been expectations of U.S. retaliation due to what China has accomplished to Hong Kong. However that did not occur. There was by no means a danger to the Part 1 commerce cope with China,” he added. Commodity currencies such because the Australian, New Zealand, and Canadian greenback have been well-bid on Monday. The New Zealand greenback, for one, climbed to its highest in practically 4 months after New Zealand stated it had stopped transmission of the coronavirus throughout the nation. New Zealand Prime Minister Jacinda Arden stated on Monday the nation would raise all virus-containment measures other than border controls, making it one of many first international locations to take action. In late morning buying and selling, the greenback index was barely up at 96.770 in uneven buying and selling, after having gained in a single day. The greenback fell sharply towards the yen, down 0.7% at 108.82. It additionally dropped 0.6% towards Swiss franc, one other protected haven, to 0.9567. The euro was larger towards the greenback regardless of information displaying German industrial output plunged probably the most on report in April because the virus pandemic compelled corporations in Europe’s largest economic system to reduce manufacturing. The euro was final up 0.2% at $1.1306. It reached a three-month excessive of $1.1384 final week after the European Central Financial institution introduced it was increasing its stimulus program. “Euro/greenback could also be due some consolidation after a really sturdy rally, however we suspect the 1.1230/40 space affords good help now earlier than EUR/USD advances to the 1.15/16 space,” ING strategists wrote in a be aware to purchasers. The New Zealand greenback, in the meantime, rose 0.5% versus the dollar to US$0.6526, earlier hitting a excessive of US$0.6540, its strongest since Jan. 29. The Australian greenback additionally rose to US$0.6970. Traders at the moment are targeted on the U.S. Federal Reserve coverage assembly this week. The Fed might want to stability indicators that the financial fallout from the virus is previous its worst with the proof that the virus itself will not be but underneath management. ======================================================== Foreign money bid costs at 10:55AM (1455 GMT) Description RIC Final U.S. Shut Pct Change YTD Pct Excessive Bid Low Bid Earlier Change Session Euro/Greenback EUR= $1.1298 $1.1284 +0.12% +0.79% +1.1319 +1.1269 Greenback/Yen JPY= 108.6600 109.5800 -0.84% -0.18% +109.6900 +108.5000 Euro/Yen EURJPY= 122.78 123.71 -0.75% +0.68% +124.1200 +122.5700 Greenback/Swiss CHF= 0.9564 0.9624 -0.62% -1.18% +0.9639 +0.9560 Sterling/Greenback GBP= 1.2694 1.2663 +0.24% -4.25% +1.2729 +1.2629 Greenback/Canadian CAD= 1.3385 1.3424 -0.29% +3.10% +1.3436 +1.3372 Australian/Doll AUD= 0.6985 0.6968 +0.24% -0.51% +0.7003 +0.6963 ar Euro/Swiss EURCHF= 1.0807 1.0860 -0.49% -0.41% +1.0889 +1.0804 Euro/Sterling EURGBP= 0.8898 0.8911 -0.15% +5.25% +0.8928 +0.8882 NZ NZD= 0.6531 0.6506 +0.38% -3.04% +0.6539 +0.6502 Greenback/Greenback Greenback/Norway NOK= 9.2713 9.2845 -0.14% +5.61% +9.3127 +9.2409 Euro/Norway EURNOK= 10.4774 10.5093 -0.30% +6.50% +10.5189 +10.4440 Greenback/Sweden SEK= 9.2095 9.1673 +0.40% -1.48% +9.2311 +9.1536 Euro/Sweden EURSEK= 10.4076 10.3663 +0.40% -0.57% +10.4257 +10.3557 (Reporting by Gertrude Chavez-Dreyfuss; Further reporting by Elizabeth Howcroft in LONDON Modifying by Nick Zieminski)