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$0.73225 per Aussie to start the trading week, and hit
the highest since early February at $1.3655 to sterling
. It last stood at $0.73390 per Aussie and $1.36685
versus the pound. on Monday for the first time since late May, helped by
a precipitous slide in benchmark U.S. Treasury yields to as low as 1.1740% for the first time since
mid-February. On Tuesday, one buck bought 109.555 yen. The euro underperformed the dollar, dipping
overnight to the lowest since early April at $1.1764 before last
trading at $1.17965.
dominant strain worldwide, and has been accompanied by a surge
in infections around the United States, particularly in areas
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Risk currencies retreat on renewed reflation doubt
FILE PHOTO: Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking
July 19, 2021
By Ritvik Carvalho
LONDON (Reuters) – Riskier currencies such as the Australian dollar, the Canadian dollar and Britain’s pound retreated on Monday, while the dollar gained as investors expressed renewed scepticism over the potential for a strong economic rebound from the pandemic.
The dollar failed to make ground against the Japanese yen however – the dollar/yen currency pair traded below the 110 yen per dollar mark at 109.85, leaving the yen 0.2% higher on the day.