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Dollar in Demand, Helped by Safe Haven Status
Tuesday, 11 February 2020 15:48 WIB | CURRENCIES |DOLLARCurrency

The U.S. dollar remained in demand Tuesday, boosted by its safe haven status as the coronavirus outbreak continues to spread and also by signs of strength from the U.S. economy.

At 03:00 ET (08:00 GMT), EUR/USD traded at 1.0911, marginally up on the day, after falling to a four-month low on Monday. Similarly, GBP/USD traded at 1.2909, just 0.1% lower, having touched a two-month low of $1.2870 Monday. Futures on the Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 98.773, up 0.1%, having climbed as high as 98.858 on Monday, its highest level since mid-October.

The death toll from the coronavirus continues to mount, claiming over 1,000 victims in mainland China and infecting over 40,000 people.

Source : Investing.com

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