KONTAN.CO.ID - TOKYO. The U.S. dollar gave up brief early gains on Monday as mounting concerns about a slowing U.S. economic recovery from the coronavirus pandemic hobbled the currency after a brief rebound late last week. The euro traded almost unchanged at $1.1768, coming off a low of $1.1741 touched earlier in the session, though it is still more than a cent below Friday's two-year high of $1.1908. The common currency hit a speed bump on some technical signs of being over-bought in the near-term, and with speculators' long positions hitting a record level, said Minori Uchida, chief currency analyst at MUFG Bank.
Dollar wobbles as investors grow anxious about pandemic toll on U.S. economy
KONTAN.CO.ID - TOKYO. The U.S. dollar gave up brief early gains on Monday as mounting concerns about a slowing U.S. economic recovery from the coronavirus pandemic hobbled the currency after a brief rebound late last week. The euro traded almost unchanged at $1.1768, coming off a low of $1.1741 touched earlier in the session, though it is still more than a cent below Friday's two-year high of $1.1908. The common currency hit a speed bump on some technical signs of being over-bought in the near-term, and with speculators' long positions hitting a record level, said Minori Uchida, chief currency analyst at MUFG Bank.