The dollar dipped against riskier currencies today as hopes for a coronavirus vaccine and big corporate deals improved investor appetite for assets such as the yuan and the euro, Reuters reports. The dollar index dipped to 93.029, slipping further from a one-month high of 93.664 touched last Wednesday, with its low last week of 92.695 seen as an immediate support. The euro inched up to US$1.1867, having gained for four straight sessions until Monday. Against the safe-haven yen, the dollar traded at 105.73 yen, having touched a two-week low of 105.55 yen on Monday. Elsewhere, the offshore Chinese yuan hit a 16-month high of 6.8053 yuan per dollar on Monday and last traded at 6.8098.

Source: The Standard September 15, 2020 01:41 UTC