Dollar jumped to a three-year high due to fears about coronavirus

US, WASHINGTON (ORDO NEWS) — The dollar jumped to a three-year high against major currencies on Wednesday, as companies and investors, worried about the outbreak of coronavirus, were buying up the world’s most liquid currency.

The dollar peaked since April 2017, breaking through the 100-point mark against a basket of major currencies. The index rose more than 5% in just over a week.

A number of currencies have reached multi-year lows against the dollar, including the pound sterling, the Australian dollar and the New Zealand dollar. Norwegian Krone updated historic low at $ 10.6356.

The European Central Bank, the Bank of England and the Central Bank of Switzerland on Wednesday conducted sales of dollar liquidity in the framework of the largest coordinated infusion of funds by central banks since the financial crisis of 2007-2009.

The Australian dollar updated its 17-year low, by 17.29 Moscow time, having fallen in price by 1.8% to $ 0.5890.

The New Zealand dollar fell 1.7% to a decade low of $ 0.5841.

The pound fell 1.9% to $ 1.1816.

The yen was held at 107.8.

Swiss franc rose 0.6% to $ 0.9665.

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The article is written and prepared by our foreign editors from different countries around the world – material edited and published by Ordo News staff in our US newsroom press.

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