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By in World on May 4, 2017
WORLD • Markets
Dollar drops, Aussie outperforms as risk appetite improves
June 2, 2020
Safe havens the U.S. dollar and Japanese yen fell on Tuesday, and higher-risk currencies, including the Australian dollar, jumped, as risk appetite grew on optimism that the worst of the economic downturn from the spread of the coronavirus is in the past.
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Dollar drops, Aussie outperforms as risk appetite improves
June 2, 2020
Safe havens the U.S. dollar and Japanese yen fell on Tuesday, and higher-risk currencies, including the Australian dollar, jumped, as risk appetite grew on optimism that the worst of the economic downturn from the spread of the coronavirus is in the past.
Oil rises nearly 4% ahead of OPEC+ meeting, easing lockdowns
June 2, 2020
Oil prices rose on Tuesday to near three-month highs on expectations that major producers will agree to extend output cuts during a video conference likely to be held this week.
European markets close higher on recovery hopes, despite backdrop of U.S. unrest; DAX up 3.8%
June 2, 2020
European stocks traded higher Tuesday against a backdrop of unrest and violence in the U.S. as protests continue over the death of George Floyd.
Gold slips 1% as Wall Street bets on economic restart
June 2, 2020
Gold retreated 1% on Tuesday as investors booked profits and Wall Street rallied on optimism over economies emerging from coronavirus-led shutdowns.
Asia Pacific stocks higher; investors watch U.S.-China tensions
June 1, 2020
RBA Governor Philip Lowe said in a monetary policy statement released Tuesday that the recovery of the global economy "will get under way" if the past month's decline of coronavirus infection rates and easing of restrictions on activity continues.
Gold firms on US protests, standoff with China
June 1, 2020
Gold gained on Monday supported by increasing friction between Washington and Beijing and protests in the United States over racism, however, hopes of a potential vaccine to fight COVID-19 capped bullion's ascend.