Commodity News
HeadLine : Dollar Edges Lower as U.S. Reports First Case of Deadly Coronavirus
Date : Jan 22 2020
The dollar fell slightly Tuesday, pressured by losses against safe-haven currencies as the first case of the deadly Chinese coronavirus was reported in the U.S. The U.S. dollar index, which measures the greenback against a trade-weighted basket of six major currencies, fell by 0.07% 97.49. The U.S. Centers for Disease Control and Prevention announced the first case of the coronavirus in the United States, CNN reported, citing a federal source outside the CDC. The news followed earlier reports that the coronavirus in China had spread, raising fears that a widespread outbreak could disrupt tourism and hurt economic growth. USD/JPY fell 0.21% to 109.95 and USD/CHF was flat at 0.968. EUR/USD fell 0.01% to $1.109 as better January German and eurozone ZEW data signaled that investor confidence was on the mend ahead of a crucial European Central Bank meeting later this week. The ECB will likely lower interest rates by 20 basis points and expand its bond-buying program in September while the Fed will leave rates on hold this year.

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