The US dollar holds steady at 107.56 yen today in Asia following a 0.3 per cent gain last week. ― Reuters pic
A steady rise of new coronavirus infections in the United States has discouraged some investors from taking on excessive risk, but most market participants remain focused on the growing likelihood that major economies will continue to recover. The US dollar held steady at 107.56 yen today in Asia following a 0.3 per cent gain last week. Market activity was subdued following the July 4 long weekend holiday in the United States.
The greenback has been locked into narrow trading ranges recently as concerns about a resurgence in US coronavirus infections offset growing optimism about the economy.
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