Dollar Dips, Investors Look To Yen Ahead of Yen Meeting – 8 June, 2020

The yen extended overnight gains, rising against the dollar who nursed losses as investors looked to scope out next moves by the U.S. Federal Reserve. The Japanese yen climbed to 108.03 per dollar. The Australian dollar reach a ten month high of $0.7040, while the New Zealand dollar was at a four and a half month high 0f $0.657. The pound was at a three month high of $1.2755, while the euro stood at $1.3104. May job data for the U.S. saw an unexpected decrease in unemployment, catching markets off-guard as parts is the U.S. economy begin to reopen. Though the World Health Organizations have warned that the pandemic is far from over, New York numbers comforted investors with new cases trending lower and testing has increased.