Optimism That Cities Will Reopen Hold Back Dollar’s Gains – 28 April, 2020

Efforts to reopen economies and the slowing spread of the coronavirus slowed the greenback as investors looked to other assets. Against a basket of major peers, the dollar was steady at 99.837, slipping slightly to the euro, yen, and pound. The greenback was just above a six week low against the yen at 10.70 yen per dollar. Against the pound, the dollar was last trading at $1.2441 and $1.0835 against the euro. The Australian dollar was on track for its best month in four years, trading 0.4% higher to $0.6517, on track for a sixth straight session of gains. The New Zealand dollar was at a one week high, rising 0.6% to $0.6093.