* Dollar raises slightly; Japanese yen falls 0.5%
* Markets look for recovery from global pandemic
* Graphics: World Currency Rates in 2019 http://tmsnrt.rs/2egbfVh
LONDON, May 11 (Reuters) – The dollar rose in early London trading on Monday, weakening the Japanese yen as risk appetite was bolstered by several countries taking steps to reopen their economies, despite coronavirus continuing to spread.
Japan said on Monday it could end its emergency in many regions this week, and New Zealand said it could ease the restrictions Thursday. The United Kingdom has also made plans to ease the closure while stores in France reopen Monday.
The safe haven, the Japanese yen, hit a 10-day low versus the dollar, more than 0.5% since New York’s closure. Against a basket of comparable currencies, the dollar rose around 0.1%.
Lee Hardman, currency analyst at MUFG, wrote: “The ongoing improvement in the global investor risk situation following acute financial market stresses in March reflects partial buildup of investor optimism that the global economy is past the worst point of the COVID-19 crisis. clients.
A settlement call between U.S. and China’s trade dealers on Friday also gave a boost to the risk of appetite as it stoked fears of an imminent new round of U.S. tariffs, including U.S. President Donald Trump said he was “very torn” as to whether to conclude the initial Phase 1 trade agreement between the two countries.
The euro fell slightly after falling in early London trading and down about 0.1% against the $ 1.0832 dollar.
The riskier Australian dollar rose slightly, while the New Zealand dollar fell 0.2% after falling from around 0400 GMT.
The Norwegian krone hit new monthly highs against the dollar at. 0600 GMT and extended its fall from an end point in late April and was approx. 0.3%.
Facilitating lockdowns is interpreted as positive by the traders as it allows resumption of economic activity limited by coronavirus. However, lifting lockdowns prematurely risks triggering a new wave of the new coronavirus.
South Korea warned of another wave of the virus as infections rose again to a month high and new infections have accelerated in Germany.
USA. the economy shed 20.5 million jobs in April, and unemployment rose to 14.7%, a government report showed on Friday. True unemployment may be closer to 19.5%.
Data from the deposit of Swiss franc sites expected on Monday are expected to show another large increase, which would support the theory that the Swiss National Bank wants to prevent the euro-franc exchange rate from falling below 1.05, ING wrote analysts in a note to clients.
The Franc was last down 0.1% against the euro as demand for a safe haven eased 1.05295. (Reporting by Elizabeth Howcroft, Editing by Ed Osmond)