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[size=36]The dollar gains with risk aversion from the collapse of oil and North Korea[/size]
Economy | 10:55 - 04/21/2020
Follow-up - Mawazine News The
dollar resumed its gains against the currencies of oil producers on Tuesday, as investors remained concerned following a historic decline in US crude futures to less than zero and their aversion to risk even after the rise of crude.
The dollar also received support due to concerns about the health of North Korean leader Kim Jong-un, after media reports that he was receiving treatment after undergoing cardiovascular medical procedure.
US crude tumbled in futures to less than zero on Monday due to oversupply and weak demand due to the Corona virus crisis, but managed to rise above zero in early trading on Tuesday.
Against the Norwegian krone, the US dollar increased 0.28 percent to 10.4722, and on Monday it gained 1.2 percent. The dollar recorded 24.1040 Mexican pesos, after jumping 1.3 percent the previous day.
The US currency rose 0.2 percent to 75.758 Russian rubles and rose against its Canadian counterpart to 1.4162 Canadian dollars, after hitting a two-week high on Monday.
South Korea's currency was among the biggest losers, tumbling nearly 1 percent to 1,232.15 won against the dollar after CNN reported that Kim was in serious danger after surgery.
However, sources in the South Korean government and the Communist Party of China refuted these media reports.
The dollar rose to 0.9702 Swiss francs, while the safe haven exodus continued to support the greenback. The pound fell 0.2 percent to $ 1.2411. Ended 29 / s
dollar resumed its gains against the currencies of oil producers on Tuesday, as investors remained concerned following a historic decline in US crude futures to less than zero and their aversion to risk even after the rise of crude.
The dollar also received support due to concerns about the health of North Korean leader Kim Jong-un, after media reports that he was receiving treatment after undergoing cardiovascular medical procedure.
US crude tumbled in futures to less than zero on Monday due to oversupply and weak demand due to the Corona virus crisis, but managed to rise above zero in early trading on Tuesday.
Against the Norwegian krone, the US dollar increased 0.28 percent to 10.4722, and on Monday it gained 1.2 percent. The dollar recorded 24.1040 Mexican pesos, after jumping 1.3 percent the previous day.
The US currency rose 0.2 percent to 75.758 Russian rubles and rose against its Canadian counterpart to 1.4162 Canadian dollars, after hitting a two-week high on Monday.
South Korea's currency was among the biggest losers, tumbling nearly 1 percent to 1,232.15 won against the dollar after CNN reported that Kim was in serious danger after surgery.
However, sources in the South Korean government and the Communist Party of China refuted these media reports.
The dollar rose to 0.9702 Swiss francs, while the safe haven exodus continued to support the greenback. The pound fell 0.2 percent to $ 1.2411. Ended 29 / s
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