Safe-Haven Demand Cools as Virus Fears Wane; Dollar Still Bid
Wednesday, 29 January 2020 04:44 WIB | CURRENCIES |USD/JPY,franc, YenDolar

The Japanese yen and Swiss franc eased off earlier highs as fears about the economic fallout from the coronavirus outbreak in China waned, though the dollar index held near two-month highs.

Global markets had stabilized somewhat after a risk sell-off which ran from Monday through Tuesday morning. The Japanese yen was last 0.22% weaker at 109.13 per dollar, having hit a 2-1/2-week high on Monday. The Swiss franc was 0.36% weaker against the dollar, last at 0.973.

Earlier Tuesday the Swissie had strengthened to 1.067 francs per euro, its highest since April 2017.

The dollar index, another safe-haven asset, was slightly off the two-month high hit earlier in the day, but remained in demand on Tuesday afternoon. It was last trading up 0.4% on the day at 97.995.

Source : Reuters

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