Dollar steady

    878

    TOKYO- The dollar held tight ranges against its peers on Monday as investors awaited clarity on the health of US President Donald Trump after he tested positive for the coronavirus, sending markets into safe-haven assets.

    The dollar index was little changed at 93.789, while traders adjusted their positions in safeharbor currencies.

    Against the safe-haven Japanese yen, the dollar rose 0.2 percent to 105.515 yen, after making its sharpest fall in more than a month to reach a one-week low of 104.95 on Friday.

    But the greenback edged lower against the Swiss franc to 0.918, near a one-week low of 0.9163 it marked on Wednesday.

    “With not a lot of major economic indicators released this week, the focus all comes down to Trump’s illness,” said Daisuke Uno, chief strategist at Sumitomo Mitsui Bank.

    “There is a welter of information about the severity of his condition, and that is making it difficult for market participants to make a move,” Uno said.

    Just weeks before the Nov. 3 election, Trump was flown to hospital for treatment for the coronavirus on Friday, adding another layer of uncertainty and market volatility as Trump’s reelection campaign seeks to fend off Democratic challenger Joe Biden.