Financial markets worry about the new threat to the global economy as the fast-spreading coronavirus shakes up the global economy.
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.
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.