MarketDeal24.Com – Investors’ willingness to take risks has increased again after the release of positive data from the United States and China. Due to which the US dollar was somewhat stable on Friday.
Meanwhile, investors are avoiding major commodities due to concerns over the diplomatic conflict between Washington and Beijing over Hong Kong’s civil liberties. As a result, the yuan remained stable despite strong return to China’s services sector.
The U.S. economy added more jobs than expected in June. “New infections in the United States have increased since June,” said Junichi Ishikawa, a senior foreign exchange strategist at IG Securities.
He added, “The market is again leaning towards buying the dollar. Because the dollar is considered the safest asset against the emerging currency.”
EUR/USD pair traded at 1.1243 on Friday in Asia. Where GBP/USD was on 1.2465.