Forex - U.S. Dollar, Yuan Near Flat Despite Coronavirus Worries
Investing.com
Published Jan 22, 2020 01:18AM ET
By Alex Ho
Get The News You Want
Investing.com - The U.S. dollar and the Chinese yuan were little changed on Wednesday in Asia despite concerns surrounding the coronavirus outbreak in Wuhan.
Get The News You Want
Get The News You Want
The U.S. dollar index inched up 0.08% to 97.390 by 1:15 AM ET (05:15 GMT).
Get The News You Want
Get The News You Want
As of Wednesday morning, Chinese authorities confirmed that at least nine people, all in Wuhan, have died after contracting the virus and a total of 15 medical personnel have been infected.
Get The News You Want
Get The News You Want
The virus, which causes a type of pneumonia, has spread to multiple countries outside China, including the U.S. and Japan.
Get The News You Want
"The obvious comparison people are making is with the SARS. While we still don't know how lethal the new virus will be, my sense at the moment is that markets are not taking it as dire as SARS," said Kyosuke Suzuki, director of currencies at Societe Generale, in a Reuters report.
Get The News You Want
Get The News You Want
"Back then, virtually every company was banning travel to Hong Kong. We haven't seen that kind of reaction yet," he said.
Get The News You Want
The USD/CNY pair last traded at 6.9013, down 0.03%.
Get The News You Want
The GBP/USD pair inched up 0.1% to 1.3056 on strong employment data. The number of people in employment rose by 208,000 to 32.90 million in the three months to November, official data showed. It was the biggest increase since the three months to January 2019.
Get The News You Want
The AUD/USD pair and the NZD/USD pair both dropped 0.1%.
Get The News You Want
The USD/JPY pair gained 0.2% to 110.04.
Get The News You Want
Get The News You Want
Get The News You Want
Get The News You Want
Get The News You Want
Written By: Investing.com
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.