[size=36]Dollar rises, yen stable after data from China amid cautious transactions[/size]
The dollar rose against the yen on Tuesday, as Japanese investors and companies scrambled to cover a shortage in the US currency before the end of the country's fiscal year, but sentiment remained fragile with the worsening of the global Corona virus crisis.
The Chinese yuan stabilized after a major survey showed that manufacturing activity resumed growth in March, but investors remained skeptical of the rise given that many companies are still struggling to resume operations after the turmoil associated with the Coruna virus.
The pound fell against the dollar and the euro as the country's downgrade continued to put pressure on the British currency, highlighting the pressures on public finances from the urgent need for large financial measures.
The dollar rose 0.45 percent to 108.31 yen on Tuesday.
In the domestic market, the yuan stabilized little changed at 7.0888 against the dollar. It ended 29 / s
and the euro fell 0.22 percent to $ 1.1017. Dealers are preparing for data expected to show a rise in the unemployment rate in Germany with the global economy suffering from the Corona virus pandemic.
Against the Swiss franc, the dollar rose to 0.9603, after rising 0.8 percent on Monday.
Sterling fell 0.68 percent to 1.2334 dollars, and against the euro, the British currency fell 0.5 percent to 89.30 pence.
Sterling remains under pressure after Fitch Ratings downgraded Britain's sovereign debt on Friday, saying that debt levels will jump as Britain ramps up spending to compensate for a near pause in the economy.
The New Zealand dollar fell after the country's government extended the state of emergency for another seven days to slow the spread of the Corona virus, but the currency quickly recovered to stabilize in trading at 0.6019 USD.