Dollar Gains as Coronavirus News Disappoints
Wednesday, 8 April 2020 15:50 WIB | CURRENCIES |USD/JPY,EUR/USDGBP/USDDolar AS Indeks Dolar

The U.S. dollar is back in demand Wednesday, as investors sought safe havens amid disappointing news surrounding the coronavirus outbreak and the economic damage in Europe becomes apparent.

At 3 AM ET (0700 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 100.345, up 0.4%, while EUR/USD fell 0.3% to 1.0857 and GBP/USD dropped 0.3% to 1.2300. USD/JPY climbed 0.1% to 108.81.

The U.S. recorded its highest single-day increase in virus deaths on Tuesday, with some 1,800 deaths. Governor Andrew Cuomo said that deaths in New York state also rose.

This came as a disappointment as the state had previously seen two days of slowing infection rates and fewer deaths.

Source : Investing.com

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