The U.S. dollar is back in demand Wednesday, as investors sought safe havens amid disappointing news surrounding the coronavirus outbreak and the economic damage in Europe becomes apparent.
At 3 AM ET (0700 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 100.345, up 0.4%, while EUR/USD fell 0.3% to 1.0857 and GBP/USD dropped 0.3% to 1.2300. USD/JPY climbed 0.1% to 108.81.
The U.S. recorded its highest single-day increase in virus deaths on Tuesday, with some 1,800 deaths. Governor Andrew Cuomo said that deaths in New York state also rose.
This came as a disappointment as the state had previously seen two days of slowing infection rates and fewer deaths.
Source : Investing.com