The dollar rallied against major currencies yesterday, as concern about the spreading of coronavirus and the economic impact of shutdowns continued to dominate foreign exchange markets.

The United States has emerged as the latest epicentre of the virus, with more than 141,000 confirmed cases and 2,400 deaths.

Chinese factory data showed a positive uplift this morning, showing growth as firms re-open. However this has, so far, failed to calm market nerves.

Later today, consumer confidence data for March will be released, which is expected to show a decline.

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