Dollar weaken because investors sell to make profits

[Thunjoo]

The dollar depreciates against the major currencies today. While investors sell to make a profit After rebounding earlier in response to the rise of the Covid-19 virus in the United States.

The dollar fell 0.41% to 106.75 yen while the euro dropped 0.11% to 120.81 yen and rose 0.33% to 1.1320 dollars. The dollar index Which is a measure of the movement of the dollar against 6 major currencies in the basket, minus 0.22% to 96.49.

John Hopkins University reports that the number of people infected with the Covid-19 virus Newcomers in the US jumped 63,247 yesterday. Which is a record high level

This is the second time this week that the number of people infected with the Coquid-19 virus The new number in the United States rose to a record high of more than 60,000, with a total of 60,021 on Wednesday. While the virus continues to spread in many states Mostly in the south and west The patients in Arizona, California, Florida and Texas combined account for nearly half of the new cases reported in the United States.

The average number of people infected with the virus Qov-19 Newcomers in the United States stood at 53,699 in the last 7 days, a record high and a rise of 17.6% compared to last week.

As for the disclosure of US economic numbers today The US Department of Labor revealed that Producer Price Index (PPI) dropped 0.2% in June compared to monthly. After rebounding 0.4% in May

Year-on-year, the PPI index fell 0.8 percent in June after a 0.8 percent drop in May.

The PPI index has been affected by the outbreak of the Covid-19 virus. Which is dragging demand in the market

Analysts had predicted earlier that the PPI index will increase 0.4% in June on a monthly basis and down 0.2% on a yearly basis.