* Graphic: World FX rates in 2020 https://tmsnrt.rs/2RBWI5E
(Adds details, updates prices; changes byline, dateline;
previous LONDON)
By Karen Brettell
NEW YORK, June 24 (Reuters) - The dollar gained on Wednesday
as a rise in coronavirus cases in the United States weighed on
optimism about a quick economic recovery, and as the U.S.
weighed tariffs on European products.
Arizona, California, Mississippi and Nevada on Tuesday
reported record numbers of new cases of COVID-19, the disease
caused by the novel coronavirus, while Texas set a record on
Monday. “The positive market mood during yesterday's North American
session on economic rebound optimism stalled overnight as
concern may be building in overseas markets over rising COVID-19
case counts in the U.S.,” analysts at Scotiabank said in a
report.
The coronavirus pandemic is causing wider and deeper damage
to economic activity than first thought, the International
Monetary Fund said on Wednesday, prompting the institution to
slash its 2020 global output forecasts further. Concerns about an increase tariffs also weighed on risk
sentiment, and boosted demand for the greenback.
The United States is weighing its tariffs on European
products and is considering changing rates for various products
as part of the trading partners' aircraft dispute, according to
a notice by the Office of the U.S. Trade Representative on
Tuesday. The dollar index USD= gained 0.33% to 96.45. It has fallen
from a three-year high of 102.99 in March.
The euro EUR= fell 0.32% to $1.1270. It had reached a
one-week high of $1.1348 on Tuesday after data showed that a
downturn in the euro zone economy eased again this month.
The greenback rose 0.19% to 106.71 Japanese yen JPY= . It
fell as low as 106.06 yen on Tuesday, the weakest since May 7.
The New Zealand dollar underperformed after the country's
central bank said the balance of economic risks remains to the
downside and that it is prepared to use additional monetary
tools as necessary. The kiwi NZD= was last down 0.91% at $0.6430.
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Currency bid prices at 9:36AM (1336 GMT)
Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid
Previous Change
Session
Euro/Dollar EUR= $1.1270 $1.1306 -0.32% +0.54% +1.1325 +1.1266
Dollar/Yen JPY= 106.7100 106.5100 +0.19% -1.98% +106.7900 +106.3900
Euro/Yen EURJPY= 120.26 120.46 -0.17% -1.38% +120.7400 +120.0500
Dollar/Swiss CHF= 0.9473 0.9445 +0.30% -2.11% +0.9480 +0.9434
Sterling/Dollar GBP= 1.2480 1.2518 -0.30% -5.88% +1.2542 +1.2467
Dollar/Canadian CAD= 1.3571 1.3545 +0.19% +4.50% +1.3596 +1.3527
Australian/Doll AUD= 0.6906 0.6929 -0.33% -1.64% +0.6961 +0.6897
ar
Euro/Swiss EURCHF= 1.0677 1.0681 -0.04% -1.61% +1.0692 +1.0661
Euro/Sterling EURGBP= 0.9028 0.9031 -0.03% +6.79% +0.9056 +0.9017
NZ NZD= 0.6430 0.6489 -0.91% -4.54% +0.6514 +0.6423
Dollar/Dollar
Dollar/Norway NOK= 9.5480 9.5213 +0.28% +8.77% +9.6072 +9.4796
Euro/Norway EURNOK= 10.7594 10.7560 +0.03% +9.37% +10.8321 +10.7309
Dollar/Sweden SEK= 9.3071 9.2914 -0.17% -0.43% +9.3450 +9.2545
Euro/Sweden EURSEK= 10.4886 10.5066 -0.17% +0.19% +10.5415 +10.4782