Asian currencies found support on Wednesday from a slowdown in the spread of cor...
SINGAPORE - Asian currencies found support on Wednesday from a slowdown in the spread of coronavirus, but a strong dollar and caution about the rising death toll kept gains in check, while the New Zealand dollar jumped after the central bank dropped its easing bias.
FILE PHOTO: An advertisement poster promoting China's renminbi or yuan , U.S. dollar and Euro exchange services is seen outside at foreign exchange store in Hong Kong, China August 13, 2015. REUTERS/Tyrone Siu/File Photo Hubei, the province at the epicentre of the outbreak, reported the lowest number of new infections since Jan. 31 on Tuesday, with 1,068 new cases. China’s senior medical advisor also said the outbreak might be over by April.
The U.S. dollar, which has soaked up safe-haven flows as worries about the coronavirus coincided with data showing the U.S. economy’s strength, handed back some gains., among the most exposed globally to China's economic fortunes owing to Australia's export profile, stood a percentage point above the decade low it hit on Monday. It was 0.2% stronger at $0.6727.
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