* Graphic: World FX rates in 2020 https://tmsnrt.rs/2RBWI5E (Adds details, updates prices, new byline, changes dateline, previous LONDON) By Karen Brettell NEW YORK, April 7 (Reuters) - The greenback dropped and riskier currencies, including the Australian dollar, outperformed on Tuesday as risk appetite improved on hopes that lockdowns may be slowing the spread of the coronavirus in some countries. U.S. stocks gained as investors moved back into riskier assets. Sterling also rose a day after British Prime Minister Boris Johnson was moved into intensive care due to worsening coronavirus symptoms. Analysts said the currency is benefiting from the increased risk appetite that is weighing on the U.S. dollar. Johnson's condition, while a concern, is also unlikely to mean a change in the government's policy direction in fighting the virus. “Despite the sad news about the UK PM Johnson, fatalities in the UK remain relatively low and slowed for the second day, although the apex is still thought to be about 10 days away,” Win Thin, global head of currency strategy at Brown Brothers Harriman in New York, said in a report. “High-frequency data on coronavirus infections and death rates continue to stabilize,” Thin said. In Spain and Italy, which account for over 40% of the world's fatalities, the death rate has been declining for several days, and public discussion has turned to how and when to ease weeks of drastic curbs on personal and economic activity. In the United States, the governors of New York, New Jersey and Louisiana pointed to tentative signs on Monday that the coronavirus outbreak may be starting to plateau in their states but warned against complacency as the death toll nationwide approached 11,000. The dollar was last down 0.93% versus a basket of currencies at 99.82. The Australian dollar jumped 1.91% to $0.6202. Sterling gained 1.08% to $1.2361. The euro rose 1.13% to $1.0913. The dollar was down 0.18% against the yen as Japanese Prime Minister Shinzo Abe declared a state of emergency for parts of the country on Tuesday to counter the spread of coronavirus. A recovery in oil prices on hopes that the world's biggest producers will agree to cut output also boosted risk sentiment. Action by central banks to ease a scramble for dollars has helped bring some calm to markets. "We've got a nice decline in volatility across forex and equity markets," said Kenneth Broux, FX strategist at Societe Generale. "We know central banks have done a very good job in alleviating the strain in dollar markets and that's feeding through." ======================================================== Currency bid prices at 10:02AM (1402 GMT) Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar EUR= $1.0913 $1.0791 +1.13% -2.65% +1.0916 +1.0785 Dollar/Yen JPY= 109.0000 109.2000 -0.18% +0.13% +109.2700 +108.6800 Euro/Yen EURJPY= 118.98 117.85 +0.96% -2.45% +119.0000 +117.5200 Dollar/Swiss CHF= 0.9694 0.9786 -0.94% +0.17% +0.9793 +0.9691 Sterling/Dollar GBP= 1.2361 1.2229 +1.08% -6.77% +1.2384 +1.2167 Dollar/Canadian CAD= 1.3958 1.4109 -1.07% +7.49% +1.4142 +1.3945 Australian/Doll AUD= 0.6202 0.6086 +1.91% -11.67% +0.6207 +0.6077 ar Euro/Swiss EURCHF= 1.0581 1.0560 +0.20% -2.48% +1.0594 +1.0556 Euro/Sterling EURGBP= 0.8828 0.8822 +0.07% +4.42% +0.8864 +0.8801 NZ NZD= 0.6003 0.5930 +1.23% -10.88% +0.6015 +0.5921 Dollar/Dollar Dollar/Norway NOK= 10.1473 10.4287 -2.70% +15.61% +10.4612 +10.1295 Euro/Norway EURNOK= 11.0777 11.2480 -1.51% +12.60% +11.2950 +11.0520 Dollar/Sweden SEK= 9.9596 10.1206 -0.56% +6.55% +10.1325 +9.9554 Euro/Sweden EURSEK= 10.8735 10.9352 -0.56% +3.86% +10.9445 +10.8641 (Reporting by Karen Brettell; Additional reporting by Iain Withers in London; Editing by Jonathan Oatis)
https://finance.yahoo.com/news/forex-dollar-drops-aussie-sterling-142013646.html
2020-04-07 14:20:00Z
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