Coronavirus fears in Korea, Investors Bet on Dollar
Updated 12:05PM 20/02/2020
CHF and EUR are the top G10 FX gainers today, up 0.12% and -0.05% vs the dollar while NZD and AUD are the top losers, down -0.63% and -0.61% vs the dollar.
Yen dipped to a 10-month low, extending Wednesday's fall versus the dollar. The dollar has seen broad strength as coronavirus risk continues to grow. There were a number of new coronavirus cases in South Korea and the first death has raised fears of a global spread.
In the Asian equities space, the Nikkei 225 closed up 0.34% at 23,479.15, Hang Seng closed -0.17% at 27609.16 and Kospi ended -0.67% at 2195.5. The European equities were trading mixed with the FTSE 0.11% at 7465.58, DAX -0.18% at 13763.6, and CAC -0.13% at 6103.05. In the rates market, global yields were trading weaker; the US 10-year yield was trading at 1.5526% and the Bund 10-year yield trading at -0.417%.
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