Dollar dips as plans to reopen economies boosts risk sentiment [Reuters]
Bank of America Corporation (BAC)
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Source: Reuters
Dollar dips as plans to reopen economies boosts risk sentiment NEW YORK (Reuters) - The U.S. dollar fell across the board on Monday as several countries laid out plans to ease restrictions on businesses that have been closed due to the novel coronavirus outbreak, boosting risk appetite and reducing demand for the safe-haven U.S. currency. “Reopening plans have fed into positive market sentiment to start the week,” said Win Thin, global head of currency strategy at Brown Brothers Harriman in New York. “The dollar is under some pressure.” Italy, which has the world’s second-highest rate of coronavirus deaths, is among the countries that have laid out plans to allow businesses to reopen. In the United States, a number of states have eased restrictions on businesses, and more are ready to follow. The dollar fell 0.34% against a basket of currencies to 99.90. The euro gained 0.30% to $1.0852. The single currency was also supported after credit-rating agency Standard & Poor’s on Friday reaf
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