• Edwick Haron

Dollar Up on Back of Jitters Over Global Economic Recovery.

The dollar was up on Friday morning in Asia, rallying from its losses during the previous session.

Investors turned to the safe-haven asset after U.S. data said that 1.877 million Americans claimed unemployment during the previous week, higher than the forecasted 1.8 million claims.

According to Johns Hopkins University data, there are over 6.6 million COVID-19 cases and almost 400,000 deaths globally as of June 5.

The USD/JPY pair was up 0.05% to 109.18, and the USD/CNY pair gained a modest 0.01% to 7.1081.

The AUD/USD pair was up 0.08% to 0.6947 and the NZD/USD pair jumped 0.11% to 0.6469.

The GBP/USD pair held steady at 1.2595.

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