Dollar edges up as markets parse China virus impact

2020-01-24 15:15:46 GMT (Economies.com)
Dollar edges up as markets parse China virus impact

The US dollar edged higher against most major currencies on Friday, as investors assess the outbreak of the Chinese infectious disease, Coronavirus, and its impact and spread to other countries.

 

China declared yesterday that the virus death toll rose to 25 victims, and more than 800 were infected.

 

China is racing time to build a new hospital in Wuhan city by next week to combat the virus outbreak in the city it emerged from.

 

Other confirmed cases appeared in the US, Saudi Arabia, Japan and Scotland, to people who has visited Wuhan in recent weeks.

 

Today is the fourth and last day for the World Economic Forum in Davos, which was attended by a number of notable politicians and economists, one of whom is the US billionaire, George Soros, who attacked President Donald Trump and his Chinese counterpart Xi Jinping.

 

The dollar index rose by 0.1% to 97.8 points as of 13:49 GMT, after hitting a high of 97.9 and a low of 97.6.

 
 
 
  Symbol Last Change Chg.%
1.0971
0.0156
1.4392%
1.2874
-0.0074
0.5746%
Tadawul
7628.34
-82.78
1.07%
17.762
-0.731
3.950%
47.267
-6.066
11.374%
52.60
-0.87
1.63%
1645.040
1.395
0.085%
 
 
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