Increased concerns about the coronavirus strengthened the dollar yesterday, as investors once again turned to safe haven currencies. It was down against the pound but hit a four-month high against the euro.
The World Health Organisation has said that the number of cases outside China could be just “the tip of the iceberg”. Relatively strong US data from last week has also made the greenback desirable.
A few speeches from Federal Reserve officials will take place today, which are also likely to give an insight into the health of the US economy.
At a White House event yesterday, President Trump said it’s time to negotiate “very seriously” with the EU on their trading relationship.
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