The dollar held gains on Thursday as investors rushed to the security of the world's most liquid currency as the coronavirus pandemic caused massive disruptions to global trade.
The Australian dollar changed hands at US$0.6080 , having dropped 0.99per cent in the previous session.Markets were spooked after U.S. President Donald Trump's dire press briefing late Tuesday, in which he warned Americans of a"painful" two weeks ahead in fighting the coronavirus even with strict social distancing measures.
The next jobless claims data release due at 1230 GMT on Thursday is expected to show another 3.50 million applications during last week."As we've seen yesterday, a deterioration in the U.S. economic outlook is likely to lead to strength in the yen against the U.S. dollar," said Shin-ichiro Kadota, senior strategist at Barclays.
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