The US dollar is steady today after heavy losses against the yen, the euro and the Swiss franc, supported by hopes for US economic stimulus and a bounce in Treasury yields. The dollar gained by 1.79 percent to 104.10 yen, pulling back from the lowest in more than three years. Against the euro, the greenback added 0.42 percent to US$1.1383 after falling on Monday to its lowest in more than a year against the common currency. The dollar was also up by 0.93 percent to 0.9338 Swiss franc after three days of heavy selling pushed it to the lowest in almost five years. Against the pound, the dollar climbed by 0.45 percent toUS$1.3067.

Source: The Standard March 10, 2020 05:34 UTC