Risk-sensitive currencies climbed on Thursday on budding optimism the coronavirus pandemic may be peaking although the euro was dented by the European Union's failure to agree on more support for their weakened economies.
The Australian dollar fetched US$0.6233 , trading near its highest level since mid-March and extending its rally from its 17-year trough of US$0.5510 touched three weeks ago.The euro stood at US$1.086 , having slipped 0.35per cent on Wednesday, after European Union finance ministers failed in all-night talks to agree on more economic support for their coronavirus-stricken economies.
New York state on Wednesday reported the most coronavirus cases in the world, overtaking Spain, according to a Reuters tally.The average forecasts of economists stood at 5.25 million after a total of nearly 10 million claims over the past two weeks. On top of hopes of a peak in the epidemic, commodity-linked currencies, including the Aussie, got an additional boost from hopes that major oil producing countries could agree to cut output at a video conference on Thursday.
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