* Greenback posts losses at quarter-end, month-end* Euro zone inflation stays weak * UK posts worst quarter since 1979 * Weak sentiment
* Greenback posts losses at quarter-end, month-end
* Euro zone inflation stays weak
* UK posts worst quarter since 1979
* Weak sentiment amid pandemic worries
* Graphic: World FX charges in 2020 https://tmsnrt.rs/2RBWI5E
(Recasts, provides new remark, FX desk, updates costs, modifications byline, dateline; earlier LONDON)
By Gertrude Chavez-Dreyfuss
NEW YORK, June 30 (Reuters) – The greenback firmed modestly on Tuesday, lifted by renewed considerations about
the unfold of the novel coronavirus, as nations around the globe and a few U.S. states imposed new
lockdowns, stalling their paths to financial restoration.
Some analysts mentioned the greenback could have additionally benefited from the month-end and quarterly-end rebalancing
flows.
That mentioned, the greenback was on monitor to finish each the second quarter and the month of June on a adverse
observe. Buyers offered the greenback and acquired currencies that benefited from greater danger urge for food as
nations throughout the interval seemed to reopening their economies and anticipated developments on a brand new
vaccine for the virus.
“Threat is off slightly bit, so that you’re seeing the greenback gaining slightly bit. But it surely’s not a loopy
risk-off day,” mentioned John Doyle, vp of dealing and buying and selling, at Tempus, Inc. in Washington.
“There are new considerations. The warnings from the WHO, smaller headlines that added to a much bigger story
reminiscent of new lockdowns in locations that you just assume could also be previous it,” he added.
The USA noticed a 46% improve in new circumstances of COVID-19 within the week ended June 28 in comparison with
the earlier seven days, with 21 states reporting positivity take a look at charges above the extent that the World
Well being Group has flagged as regarding.
WHO President Tedros Adhanom Ghebreyesus mentioned the coronavirus pandemic is way type being over even
although many nations have made some progress.
In late morning buying and selling, the greenback index was up 0.1% at 97.530, holding onto in a single day beneficial properties after
upbeat U.S. house gross sales information boosted Wall Avenue.
On the quarter and month, the greenback was on tempo for losses of 1.4% and 0.8% respectively.
The greenback additionally gained versus the yen, up 0.1% at 107.725
The euro, in the meantime, fell 0.3% in opposition to the greenback to $1.1212, pressured by information displaying underlying
value pressures dropped once more within the euro zone. That underscored fears that client value progress will
stay anaemic for years.
Over the quarter, the European foreign money staged a 1.6% comeback after falling by an identical margin
throughout the first three months of the 12 months marked by the coronavirus monetary market crash. For the month
of June, the euro was up 0.9%.
Merchants mentioned there stays a barrier of $1.1200 for the euro on the draw back
Sterling reversed losses in opposition to the greenback to commerce up 0.2% at $1.2328. Earlier within the
session, the pound misplaced floor after Britain’s Workplace for Nationwide Statistics mentioned the economic system shrank by
2.2% between January and March, its worst efficiency since 1979, as households slashed their spending.
The safe-haven Swiss franc gained slightly bit in opposition to the greenback. The buck was final at
0.9499 franc, down 0.2%.
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Foreign money bid costs at 10:34 AM (1434 GMT)
Description RIC Final U.S. Shut Pct Change YTD Pct Excessive Bid Low Bid
Earlier Change
Session
Euro/Greenback EUR= $1.1219 $1.1240 -0.19% +0.08% +1.1252 +1.1192
Greenback/Yen JPY= 107.6700 107.5600 +0.10% -1.09% +107.7900 +107.5300
Euro/Yen EURJPY= 120.81 120.92 -0.09% -0.93% +121.1700 +120.5900
Greenback/Swiss CHF= 0.9487 0.9511 -0.25% -1.97% +0.9532 +0.9486
Sterling/Greenback GBP= 1.2343 1.2296 +0.38% -6.91% +1.2347 +1.2259
Greenback/Canadian CAD= 1.3647 1.3657 -0.07% +5.09% +1.3699 +1.3650
Australian/Doll AUD= 0.6873 0.6864 +0.13% -2.11% +0.6885 +0.6834
ar
Euro/Swiss EURCHF= 1.0646 1.0692 -0.43% -1.90% +1.0699 +1.0643
Euro/Sterling EURGBP= 0.9087 0.9138 -0.56% +7.49% +0.9144 +0.9088
NZ NZD= 0.6420 0.6419 +0.02% -4.69% +0.6430 +0.6386
Greenback/Greenback
Greenback/Norway NOK= 9.6923 9.6711 +0.22% +10.41% +9.7682 +9.6666
Euro/Norway EURNOK= 10.8760 10.8720 +0.04% +10.55% +10.9500 +10.8650
Greenback/Sweden SEK= 9.3273 9.3280 -0.21% -0.21% +9.3872 +9.3201
Euro/Sweden EURSEK= 10.4655 10.4872 -0.21% -0.04% +10.5240 +10.4624
(Reporting by Gertrude Chavez-Dreyfuss; Further reporting by Julien Ponthus in London; Enhancing by
Andrea Ricci)