The U.S. dollar continues to gain fans Wednesday, with China's coronavirus continuing to batter economies in Asia, Europe showing very few signs of growth while the U.S. economy exhibits a reasonably healthy glow.
At 03:05 ET (08:05 GMT), EUR/USD traded at 1.0798, after pushing as low as $1.0786 for the first time since April 2017. The U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 99.323, having earlier climbed as high as 99.382, at heights not seen for over two years. USD/JPY climbed 0.2% to 110.09, GBP/USD traded at 1.30, while USD/CNY traded around the physiologically important 7 level.
China, the world's second-largest economy, is still struggling to get its manufacturing sector back online after imposing severe travel restrictions to contain a virus that emerged in the central province of Hubei late last year.
Source : Investing.com