On Monday , Domestic currency seems start trading within range as dollar kept riskier currencies under pressure, as a surge in corona virus cases and the re-imposition of curbs to stop its spread had investors worried that a global economic recovery could be derailed even before it had taken root.
The death toll from COVID-19 reached half a million people on Sunday, according to a Reuters tally, a grim milestone for the global pandemic that seems to be resurgent in some countries even as other regions are still grappling with the first wave.
INTRADAY SPOT RANGE - 75.28 ( 75.45 - 75.74 ) 75.97
GLOBAL HIGHLIGHTS
Asian Indices markets got off to a shaky start as the relentless spread of the corona virus finally made investors question their optimism on the global economy, benefiting safe harbour bonds and the U.S. dollar.
The dollar at 97.28 was steady not far below a four-week peak on Monday at 97.466. The safe-haven Japanese yen also held at 107.19 per dollar.
The Aussie was last steady at $0.6883 and the kiwi at $0.6424 - though both are set for monthly gains of roughly 3% as the rising risks to the global recovery.
The sterling try to recover, now trading at $1.2371, just a fraction above a one-month low it hit on Friday amid fresh doubts over whether Britain can settle a post-Brexit trade pact with the European Union.
The euro at 1.1246 is set to wrap up its best two months against the dollar in a year and a half, as hopes for a united EU response to the virus and a swift regional recovery propel the single currency ahead about 2.5% since the beginning of May.
In commodity markets, gold held near its highest since early 2012 at $1,784 an ounce. Oil prices slipped amid concerns the pandemic would slow the reopening of some economies and thus hurt demand for fuel. Brent crude futures fell 55 cents to $40.36 a barrel, while U.S. crude lost 62 cents to $37.86.
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