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Dollar in Demand; Turkish Central Bank in Focus
Wednesday, 19 February 2020 15:30 WIB | CURRENCIES |Dolar AS Indeks DolarDOLLAR

The U.S. dollar continues to gain fans Wednesday, with China's coronavirus continuing to batter economies in Asia, Europe showing very few signs of growth while the U.S. economy exhibits a reasonably healthy glow.

At 03:05 ET (08:05 GMT), EUR/USD traded at 1.0798, after pushing as low as $1.0786 for the first time since April 2017. The U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 99.323, having earlier climbed as high as 99.382, at heights not seen for over two years. USD/JPY climbed 0.2% to 110.09, GBP/USD traded at 1.30, while USD/CNY traded around the physiologically important 7 level.

China, the world's second-largest economy, is still struggling to get its manufacturing sector back online after imposing severe travel restrictions to contain a virus that emerged in the central province of Hubei late last year.

Source : Investing.com

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