The euro dropped to a nearly three-year low amid slowing growth concerns, as fourth-quarter data confirmed the slack performance of eurozone’ s economy.
Category: Features
China’s Hubei province, the coronavirus outbreak epicentre, reported a sharp rise in the new cases number. Investors sought safe havens and dumped risky assets.
Trade-exposed Asian currencies like the Australian dollar edged ahead supported by optimism that the coronavirus spread had slowed.
The dollar climbed at a four-month peak against its rivals as investors eyed the start of a two-day testimony by the U.S. central bank chief.
Investors were more positive about riskier currencies as China’s work force resumed operations in China after the Lunar New Year break.