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Risk currencies steady as investors assess virus fallouts


Wednesday, 29 January 2020 07:59 WIB

Currency Yen EuroAussie


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Risk currencies steadied on Wednesday as investors took stock of the economic damage from the outbreak of the coronavirus originating in China, with focus on Hong Kong shares that will resume trading later in the day after the Lunar New Year break.

As countries step up efforts to contain the spread of the deadly new virus, flight-to-quality bids in safe-haven currencies such as the yen and the Swiss franc subsided for now.

The Australian dollar fetched $0.6758, steady on the day and a tad above from Tuesday’s 3 1/2-month low of $0.6737.

The offshore yuan traded flat at 6.965 yuan per dollar , off Monday's 6.9900 to the dollar, which was its weakest in almost a month.

The euro stood at $1.1021, having hit a two-month low of $1.0998 in U.S. trade on Tuesday.

The yen traded at 109.16 yen per dollar, off Monday's three-week high of 108.73. It posted its first loss in five days on Tuesday.

Source : Reuters


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