The US dollar steadied against most of its major counterparts today, as investor confidence in global markets started to return, to shrug off the latest developments of the coronavirus health crisis.

The Chinese government revealed today that the virus death toll rose to over 1360 victims, and infected about 60,000 people.

Data showed today that the US consumer price index reading rose by 0.1% during January, a little short of expectations of 0.2%.

While the initial jobless claims in the US increased in the past week by 2000 to a total of 205,000.

The US Senate today voted by a majority to pass a resolution limiting the powers of President Donald Trump to take military action against Iran, which comes after the president ordered an airstrike that killed the Iranian general, Qassem Soleimani, in Iraq.

The dollar index held at 99.1 points as of 19:45 GMT, after hitting a day high of 99.1 and a low of 98.8.

Gold futures rose today, as the dollar held steadily against most major currencies, amid renewed fears over the coronavirus outbreak.

The Chinese government revealed today that the virus death toll rose by more than 250 to 1367 victims, and infected about 60,000 people.

The US Senate today passed a resolution limiting the powers of President Donald Trump to take military action against Iran.

Data showed today that the jobless claims in the US increased in the past week, while the CPI reading rose by 0.1% during January.

The dollar index held at 99.1 points as of 19:58 GMT, after hitting a high of 99.1 and a low of 98.8.

Gold futures rose 0.5% to settle at $1,578.8 an ounce, with a day high of $1,581.7 and a low of $1,568.5.

The Australian dollar edged lower today, after Reserve Bank of Australia President Philip Lowe remarks on monetary policy.

During a press conference, Lowe stated that the Australian economy is currently paying the climate change price as it is being sharply impacted.

The RBA President expressed that he expects the dovish policy to continue, maybe for years, with lowering interest rates to face the lingering pressures on the economy.

Lowe also warned of the escalating household debt in Australia and its Sharp impact on the Australian economy.

As for the coronavirus health crisis, the Chinese government revealed today that the virus death toll rose to more than 1,3600 victims, and infected about 60,000 people, and Japan confirmed the first death of the virus for an 80 years old woman.

As of 16:48 GMT, AUD/USD fell by 0.1% to 0.6731, with today high at 0.6746 and the low at 0.6706.

Oil prices turned higher today, to recoup the earlier losses after the International Energy Agency report.

The IEA today revealed lower forecasts for global oil demand during the first quarter of 2020, in the first quarterly drop in more than ten years.

The agency artiputed that due to the coronavirus outbreak, and its impact on the global demand for oil, and consequently weighing down on prices.

While the US Energy Information Administration (EIA) revealed yesterday that oil inventories rose about 7.5 million barrels during the past week, beating forecasts of 2.3 million barrels.

As of 17:17 GMT, WTI crude rose 0.7% to trade at $51.5 a barrel, after hitting a day high of $51.9 and a low of $50.6.

Brent rose 1.6% to $56.4 a barrel, with a high of $56.8 and a low of $54.9.